$750,000
59 Edith Street, Innisfail, QLD 4860
Calling all Commercial/Residential Investors
Situated in the middle of the main street this commercial property offers an excellent return with a mix of commercial and residential with the residential under a 2 year head lease. The gross return is $57600 with the rates at $8000 per annum. This brings the yield in at about 6.6% net.
The commercial property is leased as a nail salon with a new 3 plus 3 year lease. It consists of a renovated modern shop front with approx $169 sqm of floor space including private treatment suites and staff amenities including lunch room and toilet facilities. The residential area is over two levels and consists of two separate dwellings of 4 bedrooms and kitchen/ dining/ living along with bathroom and the same on the top floor. The building is fully air conditioned.
Land area is 391 sqm.
It is quite rare for a main street commercial to hit the market in this town and this one is very appealing given the security of the leases.
Property Info
Raine & Horne - Innisfail Innisfail
49 Fitzgerald Esplanade
Innisfail, QLD 4860
Tel: 07 4006 3461
Email Us
Michael Skuse
Thank You
Your enquiry has been sent!
Enquiry is Failed
Please contact your administrator.