47 Fry Street
Grafton, NSW 2460

Overview

47 Fry Street Grafton NSW 2460

Positioned in one of Grafton's most sought-after residential precincts, 47 Fry Street presents a prime investment opportunity featuring a complex of four contemporary townhouses sold together on a single Torrens Title.

This property offers a strong rental return with Unit 1 generating $425 per week, Unit 2 $420 per week, Unit 3 $450 per week, and Unit 4 $420 per week, demonstrating the quality and appeal of the asset.

Each townhouse is designed over two spacious levels and includes:

• Three bedrooms, with one bedroom and a full bathroom located on the ground floor, and two bedrooms plus another bathroom upstairs.
• Two bathrooms, one on each level, providing convenience and flexibility.
• A lock-up garage with internal access, complemented by private driveway parking.
• Open plan kitchen, dining, and living areas on the upper level that flow out to private verandas.
• A separate living area downstairs, ideal for multi-generational living or adaptable tenant arrangements.
• Internal laundry with easy access to the rear yards.

The front two townhouses are joined, as are the rear two, all situated on a flat, accessible block featuring dual driveways and well-maintained grounds. This setup is perfect for investors looking to expand their portfolio or seeking a high-yield asset with significant depreciation benefits.

Location highlights include proximity to Grafton CBD, shopping centres, and schools, set on a quiet, wide street surrounded by quality homes. The area experiences high tenant demand with low vacancy rates.

Rental appraisal estimates range from $450 to $495 per unit per week. The property is Torrens Titled, allowing the purchase of the entire complex, making it an ideal option for SMSF or syndicated investment purchases.

Prospective buyers are encouraged to conduct their own enquiries and form their own judgement regarding the property details and investment potential.

Location