FOR SALE
$1,350,000

1-3 May Street
Mighell QLD 4860

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 394m2
Land area: 3259m2
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STORAGE SHED FACILITY

Babinda Real Estate is pleased to present "Innisfail Storage and Mini Storage" to the market.
100% Occupancy with waiting list for new tenants for storage sheds. Reliable Passive Income Stream.
Key Highlights:
* Large 3259 m2 block - zoned light industry
* approx. $51786.13 net return last financial year
* Bitumen driveway
* Toilet facility
* Workshop
* 55 storage sheds at 100% occupancy
* 2 Large workshop sheds - approx. 9.8 m x 23m at 100% occupancy and leases in place
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Property Details for 1-3 May St, Mighell

Building Type
Commercial
Floor Size
394m2
Land Size
3259m2

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About Mighell 4860

The size of Mighell is approximately 4.3 square kilometres. It has 3 parks covering nearly 2.3% of total area. The population of Mighell in 2011 was 384 people. By 2016 the population was 374 showing a population decline of 2.6% in the area during that time. The predominant age group in Mighell is 50-59 years. Households in Mighell are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Mighell work in a labourer occupation. In 2011, 48.8% of the homes in Mighell were owner-occupied compared with 50% in 2016.

Mighell has 241 properties. Over the last 5 years, Houses in Mighell have seen a 59.28% increase in median value, while Units have seen a 40.10% increase. As at 31 October 2024:

  • The median value for Houses in Mighell is $289,198 while the median value for Units is $227,856.
There are currently 12 properties listed for sale, and no properties listed for rent in Mighell on OnTheHouse. According to CoreLogic's data, 8 properties were sold in the past 12 months in Mighell.

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Segrid Hudson
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Babinda Real Estate
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