SOLD
Sold on 13 May 2024 for $645,000

288 Powell Street
Grafton NSW 2460

Bedrooms: -
Bathrooms: -
Car spaces: 67
Land area: 3916m2
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Property Details for 288 Powell St, Grafton

Building Type
Commercial
Land Size
3916m2
Local Government
Clarence Valley
Lot/Plan
22/DP712604

Last Listing description (March 2020)

A fantastic opportunity to secure this freehold 14 lane tenpin bowling facility. It is ideally positioned opposite Grafton Racecourse and Greyhound Track, next door to a new PCYC development, close to schools, gyms and childcare facilities.

Positioned on 3,916 square metres with a sealed concrete car park of 67 spaces and a sizable portion of the block currently underutilised providing the opportunity for further development or expansion.

Key Features on offer:

- 14 lane tenpin bowling facility with associated machinery and equipment
- Cafe/takeaway facility with commercial kitchen and liquor license
- Arcade space and machinery lease
- Pro shop for equipment sales and serving
- Event and functions area
- Full customer amenities and separate staff amenities available
- Multiple spacious store rooms, workshop and office spaces
- Large solar system with 186 panels
- Air conditioning
- Back-up diesel generator
- Clear span (column free) floor space
- Active and loyal customer base with ongoing events, functions and bookings
- Zoning that provides a broad scope of possible commercial and recreational applications

The business is currently profitable despite few promotional activities in the past and coupled with underutilised assets provides enormous growth potential for the new owners. With multiple large scale infrastructure projects going ahead across the Grafton Region and the peak profit season fast approaching the new owners can immediately capitalise on this fantastic opportunity. With motivated vendors, building and pest reports and financials available, interested parties should contact Harrison Tory on 0435 066 571 or Ben Hottes on 0458 423 888.

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Property History for 288 Powell St, Grafton, NSW 2460

A timeline of how this property has performed in the market
Last Sold
$645,000
13 May 2024
  • 13 May 2024
    Sold for $645,000
  • 23 Aug 2019
    Listed for Sale $ 820,000
  • 17 Jul 2008
    Sold for $750,000
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About Grafton 2460

The size of Grafton is approximately 12.2 square kilometres. It has 17 parks covering nearly 8.1% of total area. The population of Grafton in 2011 was 10,205 people. By 2016 the population was 10,399 showing a population growth of 1.9% in the area during that time. The predominant age group in Grafton is 50-59 years. Households in Grafton are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Grafton work in a professional occupation. In 2011, 66.2% of the homes in Grafton were owner-occupied compared with 61.5% in 2016.

Grafton has 6,146 properties. Over the last 5 years, Houses in Grafton have seen a 62.77% increase in median value, while Units have seen a 43.87% increase. As at 30 November 2024:

  • The median value for Houses in Grafton is $481,222 while the median value for Units is $348,779.
  • Houses have a median rent of $483 while Units have a median rent of $420.
There are currently 29 properties listed for sale, and 14 properties listed for rent in Grafton on OnTheHouse. According to CoreLogic's data, 290 properties were sold in the past 12 months in Grafton.

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