53-55 Armidale StreetSouth Grafton NSW 2460
Property Details for 53-55 Armidale St, South Grafton
53-55 Armidale St, South Grafton is a 7 bedroom, 3 bathroom House with 1 parking spaces. The property has a land size of 1128m2. While the property is not currently for sale or for rent, it was last sold in June 2021.
Last Listing description (June 2023)
Located on a high traffic high exposure street corner is this attractive property package comprised of 2 residences and 2-3 shop spaces, the potential return on investment is very sound indeed.
Freehold property includes
- 1 weatherboard 3 bedroom residence (leased), original condition hardwood timber floors, high ceilings, lots of charm and character. Long term tenant in place.
- 1 large shop space with drive-in facility, the building offers approx. 207m2 of floor space
- A separate corner store (leased), long term tenant in place.
- A space perfectly suited to sub-let within the General Store
Subject to council approval it may be possible to Strata title each building as each is separately metered for power and water.
The Business
Included in the sale is the General Store on a WIWO basis
Established for 50 years this business is a solid earner and well supported by local custom and working trade.
There is plenty of scope for value adding and expansion,
Business could be leased separately or run by a couple or single with casual help, a perfect work from home situation.
All equipment and refrigeration is included. Inventory list available on request.
Property History for 53-55 Armidale St, South Grafton, NSW 2460
- 15 Sep 2021Listed for Rent $18,327 / month
- 11 Jun 2021Sold for $625,000
- 21 Dec 2018Listed for Rent - Price not available
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0About South Grafton 2460
The size of South Grafton is approximately 24.9 square kilometres. It has 17 parks covering nearly 6.9% of total area. The population of South Grafton in 2011 was 6,390 people. By 2016 the population was 6,085 showing a population decline of 4.8% in the area during that time. The predominant age group in South Grafton is 50-59 years. Households in South Grafton are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in South Grafton work in a community and personal service occupation. In 2011, 60.4% of the homes in South Grafton were owner-occupied compared with 60.6% in 2016.
South Grafton has 3,360 properties. Over the last 5 years, Houses in South Grafton have seen a 65.26% increase in median value, while Units have seen a 17.25% increase. As at 31 October 2024:
- The median value for Houses in South Grafton is $426,317 while the median value for Units is $292,037.
- Houses have a median rent of $450 while Units have a median rent of $355.
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