FOR SALE
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94-96 Edith Street
Innisfail QLD 4860

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 427m2
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Fully Leased CBD Commercial Investment - 10% Yield

Colliers Cairns are pleased to present to the market the fully leased CBD commercial investment opportunity located at 94-96 Edith Street, Innisfail QLD 4860, returning 10%+ nett yield.
Prominently positioned on the main CBD thoroughfare and surrounded by national retailers including Hungry Jacks, Coles, Harvey Norman and Bunnings, 94-96 Edith Street offers an affordable, fully leased investment opportunity leased to three established and long-standing tenants.
This versatile property is leased with a mix of two professional office tenancies on the ground floor and a long-established restaurant on the second floor. The site offers an NLA of approximately 744m2 over the two levels and a freehold land area of 427m2*. The Gumloon restaurant has traded from the same location for over 40 years with Vince Martin Solicitors having held a similarly impressive tenure.
The property fronts Edith Street, the main thoroughfare through the CBD and is just metres from the Bruce Highway.
The property has good exposure to passing vehicle and foot traffic as well as convenient accessibility to the surrounding areas.
Features:
-Fully leased with a 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
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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 872 properties.

    There are currently 28 properties listed for sale, and 26 properties listed for rent in Innisfail on OnTheHouse. According to CoreLogic's data, 23 properties were sold in the past 12 months in Innisfail.

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