94-96 Edith Street, Innisfail, QLD, 4860

Colliers Cairns are pleased to present to the market the 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, leased investment opportunity leased with two established and long-standing tenants.

The building has been configured to accommodate 3 tenancies, with 2 full leases and 1 vacancy. The vacant lease is offered with a two and half year rental guarantee by the Vendor. The site offers immediate holding income, with a net rental of $86,422.73 (excl GST) per annum. The tenants within the building have a long-standing history with the property having been in occupation for decades.

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:

- 3 Fully tenanted leases

-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

All information contained herein is gathered from sources we believe to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.

Colliers - a leader in global real estate services, defined by our spirit of enterprise. Through a culture of service excellence and collaboration, we integrate the resources of real estate specialists worldwide to accelerate the success of our partners. We represent property investors, developers and occupiers in local and global markets. Our expertise spans all property sectors - office, industrial, retail, residential, rural & agribusiness, healthcare & retirement living, hotels & leisure. Colliers is Australia's own global real estate success story.

Remember to mention you found this property on CommercialReady