FOR SALE
Buyers Around $750,000

59 Edith Street
Innisfail QLD 4860

Bedrooms: 8
Bathrooms: 3
Car spaces: -
Land area: 391m2
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Calling all Commercial/Residential Investors

Situated in the middle of the main street this commercial property offers an excellent return with a mix of commercial and residential with the reidential under a 2 year head lease. The gross return is $57600 with the rates at $8000 per annum. This brings the yield in at about 6.6% net.
The commercial property is leased as a n ail salonwith a new 3 plus 3 year lease. It consists of a renovated modern shop front with approx $169 sqm of floor space including private treatment suites and staff amnites including lunch rom and toilet facilities. The residential area is over two levels and consists of two seperate dwellings of 4 bedrooms and kitchen/ dining/ living along with bathroom and the same on the top floor. The building is fully air conditioned .
Land area is 391 sqm.
It is quite rare for a main street commercial to hit the market in this town and this one is very appealing given the security of the leases.
Contact Michael Skuse

Property Details for 59 Edith St, Innisfail

59 Edith St, Innisfail is a 8 bedroom, 3 bathroom House. The property has a land size of 391m2. The place is currently for sale with Raine & Horne Innisfail.

Building Type
House
Land Size
391m2

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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 887 properties. Over the last 5 years, Houses in Innisfail have seen a 85.36% increase in median value, while Units have seen a 58.53% increase. As at 30 September 2024:

  • The median value for Houses in Innisfail is $298,576 while the median value for Units is $305,027.
  • Houses have a median rent of $250 while Units have a median rent of $300.
There are currently 37 properties listed for sale, and 20 properties listed for rent in Innisfail on OnTheHouse. According to CoreLogic's data, 22 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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