FOR SALE
NEW PRICE | Offers Over $1.1M

3-7 Eslick Street
Mighell QLD 4860

Bedrooms: 10
Bathrooms: 4
Car spaces: -
Land area: 4206m2
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Highway Frontage - Investment and Development Opportunity

DISTINCT
An exceptional investment and development opportunity is available on the cusp of the Innisfail CBD, boasting direct highway access. Our Eslick Street property offers developers a unique chance to invest in a site with ongoing income potential, suitable for various development options (STCA).
Innisfail is benefiting from one of the strongest growth rates in regional economies for Queensland, making this an ideal time to invest. Whether you're planning residential, commercial, or industrial projects, the versatility of this site enhances its appeal as a strategic investment.
Take advantage of Innisfail’s growth and secure a prime location with endless possibilities for future development. The current arrangement includes four well-maintained properties, generating a steady income stream. This reliable return ensures immediate value while providing flexibility for future development, making it an attractive opportunity for savvy investors.
THE FACTS
- Investment Memorandum Available on Request
- DEVELOPMENT POTENTIAL : Set upon an allotment of 4206m2 across 5 Titles
- STEADY INCOME GENERATION : Boasting 4 Detached Homes plus a Vacant Allotment with Long Term Tenancies in place amounting to an income of over $74,000 p/a
- PRIME LOCATION : Bruce Hwy Frontage close to the Innisfail CBD
- FUTURE : Land Bank opportunity for Future Development
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Property Details for 3-7 Eslick St, Mighell

3-7 Eslick St, Mighell is a 10 bedroom, 4 bathroom House. The property has a land size of 4206m2. The place is currently for sale with Champion Estate Agents pty ltd.

Building Type
House
Land Size
4206m2

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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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David Galloway-Penney
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