60 Rankin Street, INNISFAIL QLD 4860
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- Offices, Other
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- 1 Sep 2016
High Returning Investment Property - Business and Freehold
Colliers International are pleased to offer to the market the freehold investment property situated at 60 Rankin Street, Innisfail. Locally known as Larsen’s Newsagency, this unique freehold property is located along a busy shopping and services strip of the Innisfail CBD and is improved with a recently renovated three level masonry building that has strong street appeal.
The Ground floor (street Level) houses the commercial/retail tenancy known as Larsen’s Newsagency & Book Shop which has operated from this same location for decades. The first floor contains three residential apartments which are all separately leased while the basement is used for personal storage and incorporates a stand-alone steel clad storage shed which could be utilised to provide further additional income.
The newsagency, as long established enterprise, has serviced the Innisfail community for over 50 years and is the anchor tenancy which along with the three residential tenancies on the first floor provides very high returns.
Underpinned with “Larsens” 5 + 5 year commercial lease and providing upside with the units and untapped potential from the basement areas, this freehold property is recommended for your immediate and serious consideration.
• Land area: 506m²*
• Combined Multi Dwelling and Shops
• Located in busy CBD
• Strong Street Appeal
• High Yield Potential
• Ideal superannuation fund purchase
• New Long commercial Lease with annual CPI & Market reviews
• Recently Refurbished
• Rear Access
To obtain the Information Memorandum please contact Stacey Quaid or Charlie Torrisi.
Colliers International - 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 International is Australia’s own global real estate success story.
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
60 Rankin Street INNISFAIL