Fully Leased CBD Commercial Investment - 10% Yield
94-96 Edith Street, Innisfail, QLD 4860
Colliers Cairns are pleased to present to the market the fully leased CBD commercial investment opportunity located at 94-96 Edith Street, Innisfail QLD 4860, returning 10%+ nett yield.
Prominently positioned on the main CBD thoroughfare and surrounded by national retailers including Hungry Jacks, Coles, Harvey Norman and Bunnings, 94-96 Edith Street offers an affordable, fully leased investment opportunity leased to three established and long-standing tenants.
This versatile property is leased with a mix of two professional office tenancies on the ground floor and a long-established restaurant on the second floor. The site offers an NLA of approximately 744m2 over the two levels and a freehold land area of 427m2*. The Gumloon restaurant has traded from the same location for over 40 years with Vince Martin Solicitors having held a similarly impressive tenure.
The property fronts Edith Street, the main thoroughfare through the CBD and is just metres from the Bruce Highway.
The property has good exposure to passing vehicle and foot traffic as well as convenient accessibility to the surrounding areas.
Features:
-Fully leased with a net income of $86,422pa
-Versatile, multipurpose building with NLA of 744m2*
-427m2* freehold site with prominent positioning in town centre
-Direct frontage onto main thoroughfare
-Multiple long-term tenants who have been trading at this address for decades
-Mixed use space - combination of office space & restaurant
-Additional space available in the vacant basement
-Surrounded by national retailers including Hungry Jacks, Coles, Harvey Norman, and Bunnings
-Convenient accessibility & proximity to Bruce Highway
-On street and centre parking
For more information, contact the agent.
*approximately
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