Set in the heart of Innisfail CBD, just meters from the foreshore of the iconic Johnston River, Albert's Innisfail presents a distinct investment opportunity. This modern accommodation and dining venue has been completely redeveloped in 2021, offering state-of-the-art private and shared facilities alongside one of Innisfail's most popular casual dining spots, Albert's Café & Woodfired Pizza.
Property Highlights:
Inner-City Allotment: 498m² Two Levels: Modern facades, new roof, rewired electrical, new air-conditioning systems Accommodation: 16 rooms with council approval for up to 66 beds Room Features: Fully air-conditioned, electronic key locking system, custom joinery, personal lockers, charging stations Shared Common Areas: Fully functioning kitchen, cool room, communal TV room, outdoor area, laundry facility Albert's Café & Woodfired Pizza: Fully licensed dine-in and takeaway café with seating for 55 pax, including four private function rooms High-Speed Wi-Fi Internet Secure Parking: Gated access to four off-street car parks, plus additional on-street parking Solar Power System Security: Twelve onsite security cameras
Potential Revenue Streams
We have three rental models generating income:
1. Long-Term Tenants (16 Rooms)
Weekly Rent per Room: $260
Annual Income: $260 × 16 rooms × 52 weeks = $216,320
2. Short-Term Backpacker Accommodation (66 Beds)
Nightly Rate per Bed: $35
Estimated Yearly Occupancy: 70% (industry average)
Annual Income: $35 × 66 beds × 365 days × 70% = $588,987
3. Café Lease Income
Annual Lease Range: $30,000 $35,000 PA
Total Potential Annual Revenue:
Lower Estimate (Long-Term + Café Lease): $216,320 + $30,000 = $246,320
Higher Estimate (Backpackers + Café Lease): $588,987 + $35,000 = $623,987
Operating Expenses
Insurance: $13,000 PA (Approx.)
Power: $25,000 PA (Approx.)
Council Rates: $12,000 PA (Approx.)
Total Annual Expenses: $50,000 PA (Approx.)
Rental Yield Calculations (Based on $1,600,000 Purchase Price)
Long-Term Tenants + Café Lease Yield
Net Income: $196,320 PA
Rental Yield = (Net Income ÷ Purchase Price) × 100%
Yield: (196,320 ÷ 1,600,000) × 100% = 12.27%
Backpacker Accommodation + Café Lease Yield
Net Income: $573,987 PA
Rental Yield = (Net Income ÷ Purchase Price) × 100%
Yield: (573,987 ÷ 1,600,000) × 100% = 35.87%
Investment Opportunity:
Profitable hospitality venture with growth potential Turnkey business with minimal hassle Financial details available upon request
This exceptional property offers flexibility for investors, whether maintaining the existing business model or introducing new concepts.
Enquire today to secure this rare opportunity in the heart of Innisfail!
