FOR SALE
$1,450,000

60 Rankin Street
Innisfail QLD 4860

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 506m2
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Commercial premises with units right in cbd

This commercial building is situated in a prominent CBD position on 506m2 and features 6 separate tenants. The tenants comprise of a News Agency as main tenant, which has been operating for 45 years from this site. There are 3 residential units, a shed at the rear and basement storage.
The News Agency current lease period is 5 years with 3 x 3 year options. Total income per annum fully rented is $160,000.00

Property Details for 60 Rankin St, Innisfail

Building Type
Commercial
Floor Size
506m2

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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 889 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 35 properties listed for sale, and 19 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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John Strano
Raine & Horne Innisfail
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