FOR SALE
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94-96 Edith Street
Innisfail QLD 4860

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Land area: 427m2
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CBD Commercial Investment - Circa 10% Return

Colliers Cairns as exclusive marketing agents are pleased to present 94-96 Edith Street, Innisfail Queensland 4860, as a unique investment opportunity in the Cassowary Coast Region. The commercial investment is placed on the market for sale with a 10% return.
94-96 Edith Street, Innisfail presents as a partially leased investment, with an immediate income of $86,422.73 ex GST, with potential for future development. The site offers an NLA of approximately 744m2* over two levels and a freehold land area of 427m2*.
The property is predominantly tenanted with two of the three tenancies being in occupation for decades. The Gumloon restaurant has traded from the same location for over 40 years with Vince Martin Solicitors having held a similarly impressive tenure.
With 94-96 Edith Street underpinned by strong tenants alongside the prominent CBD positioning, the immediate rental income and proximity to national retailers, it is a valuable investment opportunity.
Features:
• Immediate net income of $86,422pa*
• Versatile, multipurpose building with NLA of 744m2*
• 427m2* freehold site with prominent positioning in town centre
• Direct frontage onto main thoroughfare
• Multiple long-term tenants who have been trading at this address for decades
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Property Details for 94-96 Edith St, Innisfail

Building Type
Commercial
Land Size
427m2

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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 886 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 17 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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Stacey Quaid
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