2-8 Duncans Road, Clarenza NSW 2460

1.82 HA site on the edge of South Grafton neighbouring McAuley Catholic College and offering the investor numerous streams of income along with plenty of vacant land for further development.

Rent is currently just over $160,000 per year and further income could be derived from the vacant smaller workshop and the owner-occupied 3 bedroom caretakers residence.

Lot 11, DP 1036240
Land Size: 18,310 sqm
Zoning: RU2 Rural Landscape

Current Net Rent: $162 711.38

Current rates: $4625
Building Insurance: $12091

- Tenancy 1
3 bedroom caretakers residence with large garaging and storage space
Currently owner-occupied by vendors family
Market rent value: $20 000 - $23 000 per year

- Tenancy 2
BP Service Station – Leased to Shree Vikavas Mataji Pty Ltd
Lease term 1/2/2021 - 31/1/2026 + 2 x 5 year options to 2036
Current Rent $118 389.93 per year + GST
Outgoings – 100% of Council rates, water & sewer charges, public liability insurance & building
insurance

- Tenancy 3
Truck stop restaurant & residence – Leased to Vera Philomena Pinto
Lease term 1/8/2024 – 31/7/2027
Current rent $44,321.45 per year + GST
Outgoings – 100% of reasonable water & sewer charges, 50% of building insurance charges

- Tenancy 4
10m x 10m Workshop
Currently vacant
Last leased for $13000 per year + GST