3 Eslick St, Mighell is a 10 bedroom, 4 bathroom House. The property has a land size of 1528m2.
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 Innisfails 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
These photographs have been enhanced for marketing purposes and may not reflect the actual appearance or dimensions of the property. They are intended to provide a visual representation of the propertys potential and should not be relied upon as a basis for making decisions about purchasing/renting. Prospective buyers/renter should conduct their own due diligence, including inspection and verification of property features and conditions. Champions In Real Estate are not responsible for any errors, inaccuracies, or misrepresentations in the photographs.
Champions in Real Estate is a licensed real estate agency. We are not licensed builders, inspectors or valuers and the information contained here has been provided to us by third parties. The information is for guidance only. Whilst we make efforts to ensure all information contained herein is gathered from sources we believe to be reliable, we provide no guarantees concerning the accuracy, completeness, or current nature of the information and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. It is not intended as building, pest, planning or other advice and should not be construed or relied on as such. Prospective purchasers must undertake their own due diligence, enquiries and undertake various searches to verify the information contained herein. The information has been prepared without taking into account your personal objectives or needs for the property. Before making any commitment of a legal or financial nature you should consider the appropriateness of the information having regard to your circumstances and needs and seek advice from appropriate advisors.
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:
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