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1, 2 & 3/205A Prince Street, Grafton, NSW 2460

$775,000

Block Of Units

Type

Bedrooms

Bathrooms

Parkings

498 m²

Area

Last updated on Tuesday, October 06, 2026 ( See property details for 1, 2 & 3/205A Prince Street, Grafton, NSW 2460)

$775,000

Jake Kroehnert MANAGING DIRECTOR

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A rare CBD property offering a commercial shopfront and two fully renovated residential units with flexible income and live-work potential in Grafton.

🏡 Property Highlights

Prime CBD location with outstanding street exposure
Versatile property with commercial shopfront and two renovated residential units
Immediate rental income from one tenant and potential for high returns
Flexible live-and-work options in a sought-after central Grafton setting
Fully fenced yards for privacy and security
Potential to convert shopfront to a studio apartment (STCA)

✨ Key Features

Air Conditioning
Built-in Robes
Open-Plan Living
Outdoor Area
Garage / Secure Parking
Shed
Ensuite
Waterfront / Views
Security Screens / Gates
Open-Plan Living

Suburb and Property Insights of Grafton, NSW 2460

Grafton's CBD offers a vibrant and accessible lifestyle with excellent exposure, diverse retail and dining options, and a strong community atmosphere. The central location ensures convenience for residents and businesses alike, making it an ideal hub for investment and living. With ongoing development and a thriving local economy, Grafton remains a highly sought-after area for both tenants and investors. The proximity to essential services and transport links further enhances its appeal.

Frequently Asked Questions

What are the current rental yields for the residential units?

Unit 1 is currently vacant, with a potential rent of $460 per week, while Unit 2 is leased at $480 per week until September 2026, offering a strong rental income stream.

Can the shopfront be converted into a residential studio?

Yes, subject to council approval (STCA), the shopfront space could be converted into a studio apartment to enhance income or living options.

What is the condition of the residential units?

Both units have been fully renovated, featuring modern open-plan layouts, air conditioning, and fenced yards, ensuring they are move-in ready.

Are there any restrictions or zoning considerations for the property?

The property is situated in the CBD zone, suitable for retail, commercial, or residential use, with potential for future development subject to local council regulations.

What are the ongoing costs associated with the property?

Ongoing costs may include council rates, insurance, maintenance, and management fees if rented out; building and pest reports are available for further due diligence.

What to ask about this property to agent?

Are there any existing easements, covenants, or zoning restrictions that could affect future development or use? Has a recent building and pest inspection identified any structural issues or repairs needed? Are there any planned or upcoming developments in the vicinity that could impact the property's value or noise levels? What are the total holding costs, including council rates, insurance, and strata fees (if applicable)? Is the shopfront suitable for conversion to residential use, and what approvals are required? Are there any existing or potential flood or bushfire risks in the area? What are the terms of the current lease for Unit 2, and are there any rent review provisions? Are there any restrictions on signage or business operations for the shopfront? What are the strata or body corporate arrangements, if any, for the residential units? Are there any recent or upcoming changes to local planning policies that could affect the property's use or value?

1, 2 & 3/205A Prince Street, Grafton, NSW 2460 - More Details

$775,000

*Building & Pest Inspection Reports Available Upon Request*

Located in the heart of Grafton's CBD, 205A Prince Street presents a rare opportunity to secure a property offering three potential streams of income. This unique and versatile holding includes one commercial shopfront along with two fully renovated residential units, allowing for multiple possibilities to suit a variety of buyers. High returns and premier position - now is the time to make your offer.

You may choose to rent the shopfront and both units for a strong rental return, operate your own business in the shopfront while living in one of the units, or mix and match to suit your needs. The flexibility this property offers is truly exceptional and seldom found in such a sought-after location. With outstanding exposure to Grafton's Main Street, this is a premium location for any business.

The shopfront features a spacious and welcoming open-plan layout complete with a kitchenette, powder room, and air conditioning for year-round comfort. Its prime street exposure makes it ideal for retail, consulting, or professional services. The space could also be converted to a studio apartment (STCA) depending on the new owner's requirements.

Unit 1 consists of three bedrooms, with two including built-in robes. There is also a main bathroom, separate laundry, and an open-plan kitchen, dining, and living area that creates a comfortable and modern space. The unit includes air conditioning in the lounge room, a single carport, and a fully fenced yard.

Unit 2 also offers three bedrooms, all with built-in robes, and the master featuring an ensuite, along with a spacious bathroom, laundry, and open-plan kitchen, dining, and living area. Like Unit 1, it includes air conditioning in the lounge room, a single carport, and a separately fenced yard. Both units are fully renovated and currently Unit 2 is tenanted, providing immediate rental income for the new owner. Please refer to the floor-plan provided for an understanding of the layout.

Set in a central CBD location, this property offers convenience, exposure, and the chance to secure a high-performing investment or a flexible live-and-work arrangement. Opportunities like this simply do not come around often.

Notable features include:
- CBD location
- Shop front
- Unit 1 - 3 bed, 1 bath
- Unit 2 - 3 bed, 2 bath
- 2 x carports
- 3 x air conditioners
- 2 x garden sheds

Tenancy details:
- Unit 1: $460 per week - Lease End: 18/04/2027
- Unit 2: $480 per week, Lease End: 29/09/2026
- SHOP FRONT: $300 - $350/week - Vacant

205A Prince Street, Grafton, is an exceptional offering combining location, lifestyle, and income potential all in one. This is an opportunity you won't want to miss. Contact The Jake Kroehnert Team from Ray White TKG on 0422 260 192 to declare your interest and to book your inspection.

Disclaimer: All information disclosed herein has been provided from sources we believe to be reliable however we cannot guarantee its accuracy. It is respectfully advised that interested parties carry out their own due diligence.

Type: Block Of Units
Bedrooms: 6
Bathrooms: 3
Parkings: 2
Area: 498 m²

Three Dimensional Virtual Tour - 1, 2 & 3/205A Prince Street, Grafton, NSW 2460

Email Enquiry To Ray White TKG - GRAFTON

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