142 Edith Street, Innisfail, QLD 4860

Land Area:

556sqm

Sold

Sold for $210,000 on Aug 08, 2024

CBD Freehold with tenant in place

With over 32 metres of Bruce Hwy Frontage and located in the CBD of Innisfail this freehold site is an excellent opportunity for a self-managed superannuation fund.

The property has had the same tenant since 2016 and while the lease has expired the tenant has indicated no desire to move. They would be happy to sign a new 3 plus 3 if the rent remained the same. On the current rent, the return is 7.2% net of GST and Rates. Sitting on 556 sqm the property comprises a large handstand car parking area with an undercover awning and the building has a retail showroom with several separate office spaces.

This is a high-profile site that offers potential redevelopment in the future or a set-and-forget on current returns. It also has the potential for an owner-occupier.

Contact Michael Skuse

Michael Skuse

Principal

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Property Info:

Property ID: L29166586
Property Type:Retail
Land Area:556 sqm

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