FOR SALE
E.O.I Closing15thSeptember

10-16 Fitzgerald Esplanade
Innisfail QLD 4860

Bedrooms: 1
Bathrooms: 4
Car spaces: 13
Land area: 2024m2
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Commanding CBD commercial development site

This high-profile CBD site is in a commanding position opposite the North Johnstone Riverfront Foreshore. It is located in the entertainment precinct of the town.
Urban Sync Planning and Development has prepared a full town planning and development options review. Among other things, it discusses the likelihood of a multi-storey residential/ commercial mix approval on the site. Currently, the site has several commercial tenants on leases along with a currently vacant bulky goods retail space. The income from the buildings allows the potential developer time to work through the development process while providing good cash flow as any Development Application progresses.
Large waterfront holdings in this location rarely become available. An adjacent similar development has seen ever-increasing prices and sales closed within days of hitting the market. The property market in Innisfail has continued to see strong growth. There is an undersupply of stock and rental vacancies are virtually zero.
The vendors are keen to sell and a comprehensive Information Memorandum is available to interested parties.
Contact Michael Skuse

Property Details for 10-16 Fitzgerald Esp, Innisfail

10-16 Fitzgerald Esp, Innisfail is a 1 bedroom, 4 bathroom Other with 13 parking spaces. The property has a land size of 2024m2. The place is currently for sale with Raine & Horne Innisfail.

Building Type
Other
Land Size
2024m2

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About Innisfail 4860

The size of Innisfail is approximately 2.1 square kilometres. It has 13 parks covering nearly 21.8% of total area. The population of Innisfail in 2011 was 1,075 people. By 2016 the population was 1,137 showing a population growth of 5.8% in the area during that time. The predominant age group in Innisfail is 20-29 years. Households in Innisfail are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Innisfail work in a labourer occupation. In 2011, 35.4% of the homes in Innisfail were owner-occupied compared with 32% in 2016.

Innisfail has 885 properties. Over the last 5 years, Houses in Innisfail have seen a 81.65% increase in median value, while Units have seen a 58.14% increase. As at 31 October 2024:

  • The median value for Houses in Innisfail is $286,061 while the median value for Units is $314,516.
  • Houses have a median rent of $325 while Units have a median rent of $285.
There are currently 34 properties listed for sale, and 16 properties listed for rent in Innisfail on OnTheHouse. According to CoreLogic's data, 20 properties were sold in the past 12 months in Innisfail.

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Michael Skuse
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Raine & Horne Innisfail
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