60 Rankin Street Innisfail QLD 4860

This commercial building for sale is strategically located in a prime CBD position, encompassing an area of 506m². The property features six separate tenants, including a well-established Newsagency as the principal tenant, which has been operating from this site for over 45 years. Additionally, the premises include three residential units, a shed at the rear, and basement storage facilities.

The Newsagency's current lease term is five years, with a renewal option of 3+3 years, commencing on February 19, 2024. This property represents possibly one of the best positively geared investment opportunities in Australia for a CBD property. The total income when fully rented , including GST, is $162,320. Please note that the major tenants contribute towards the Council rates.

For further information or to arrange a viewing, please contact John Strano at Raine and Horne Innisfail on 0408 611 455.