56 Rankin StreetInnisfail QLD 4860
Property Details for 56 Rankin St, Innisfail
Last Listing description (May 2021)
This magnificent 3 level, multi-use commercial property is centrally located in Rankin St., Innisfail. The street level comprises 2 office/shops. One (190m2) has access to rear stairs and car parking, the other (70m2) has access to the basement. There are multiple split system air conditioners throughout. Upstairs has 7 large rooms/offices plus 2 kitchen areas, 3 toilets and shower which would suit a variety of options. The 150m2 basement area is being used as a dance academy and comprises 2 large rooms and a kitchen area. All tenancies have their own toilet and kitchenette facilities. Covered carport areas are provided under the basement as well as a separate carport with rear access from Owen Street. This solid concrete building with some timber floor areas was previously a bank with extensive security grills and a large vault. Two secure tenants are paying $41,470 p/a inc. GST.
Property History for 56 Rankin St, Innisfail, QLD 4860
- 21 Sep 2020Listed for Sale Price Upon Application
- 19 Jul 2019Listed for Sale $495,000
- 23 May 2018Listed for Sale $495,000
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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 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.
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