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Sold on 04 Apr 2024 - Price Unavailable

3 Edith Street
Innisfail QLD 4860

Bedrooms: -
Bathrooms: -
Car spaces: 4
Floor area: 444m2
Land area: 498m2
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Property Details for 3 Edith St, Innisfail

Building Type
Commercial
Floor Size
444m2
Land Size
498m2

Last Listing description (April 2024)

FOR SALE as a Freehold Going Concern

DISTINCT
Set in the heart of the Innisfail CBD and meters from the foreshore of the iconic Johnston River, Albert's Innisfail offers modern Accommodation with state of the art private and shared facilities and boasting one of Innisfail’s most popular casual dining venues, Albert's Café & Woodfired Pizza..

Completely Redeveloped in 2021, Alberts Innisfail provides a affordable accommodation service for Singles, Couples, Families and Groups in a contemporary and secure setting.

THE FACTS
- Set upon an Inner-City Allotment of 498m2
- Two Levels – Modern Facades, New Roof, Rewired Electrical, New Airconditioning Systems
- Accommodation encompasses 17 Rooms with Council Approval for up to 66 Beds
- Accommodation Rooms are Fully Air-conditioned, State of the Art Electronic Key Locking System, Bespoke Custom Joinery, Personal Lockers, and Charging Stations
- Shared Common Areas include a Fully Functioning Kitchen, Coolroom, Communal TV Room, Outdoor Area, Laundry Facility
- Albert's Café & Woodfired Pizza is a Fully Licenced Dine-In and Take Away Café with seating for 55 Pax including Four Private Function Rooms
- High Speed Wi-Fi Internet
- Gated Access to Four Off-Street Car Parks plus additional On-street Parking
- Solar Power System
- Twelve Onsite Security Cameras

**Make sure you check out the Virtual Tour

**Investment Memorandum Available on Request

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Property History for 3 Edith St, Innisfail, QLD 4860

A timeline of how this property has performed in the market
Last Sold
04 Apr 2024
  • 16 Apr 2024
    Sold for $1,150,000
  • 14 Mar 2023
    Listed for Sale $1,550,000 Negotiable
  • 01 Mar 2022
    Listed for Sale Offers Over $1,375,000
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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 884 properties. Over the last 5 years, Houses in Innisfail have seen a 85.93% increase in median value, while Units have seen a 53.60% increase. As at 30 November 2024:

  • The median value for Houses in Innisfail is $307,394 while the median value for Units is $330,092.
  • Houses have a median rent of $250 while Units have a median rent of $285.
There are currently 33 properties listed for sale, and 12 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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David Galloway-Penney
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Champion Estate Agents pty ltd
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