303 RYAN STREET ..GRAFTON....2 properties on 1 Title
Property 1) Shop: New lease prepared for term agreed on between owner and new Purchaser at $300 / week.
Property 2) House: Older style home with new 6-month lease prepared with the current tenant for $315 / week.
This is showing currently (for both properties) a return of just over 11% at those figures.
However given the interest from the blueberry farmers for accommodation for their pickers and the convenience of the shop next door, these two properties could shortly produce a return of approx. $1400 /week...
This would then give a return for both house and shop of approx. 25%