60-62 Rankin Street,
Innisfail, QLD 4860

Positioned in the heart of the Innisfail CBD, this well-located mixed-tenancy property presents an outstanding opportunity for investors seeking secure income, strong returns, and long-term growth.
Strategically situated in the same street as key civic and commercial services, including the Post Office, Council Chambers, and the Innisfail Library, the property comprises six income-producing tenancies, delivering a diversified and resilient rental profile.

The cornerstone of the asset is a long-established commercial news agency, which has successfully operated from this location for decades. Complementing the commercial tenancy are three residential units, a basement storage area, and a separate shed at the rear of the property, all currently leased.
The commercial tenancy is secured by a five-year lease commenced in 2024, with 3 x 3-year renewal options, annual rent reviews, and the tenant responsible for 100% of council rates and water charges—an attractive structure for investors seeking reduced outgoings.

The residential units and basement are leased on fixed-term agreements, while the shed is leased on a periodic basis, further enhancing income stability and flexibility.
The property generates a combined annual income of approximately $153,000 per annum (excluding GST), equating to an impressive circa 10% return, making this a compelling addition to any investment portfolio.

Rental Breakdown
Commercial News Agency: $5,900 per month (including GST)
Residential Unit 1: $400 per week
Residential Unit 2: $370 per week
Residential Unit 3: $400 per week
Basement Storage: $400 per week
Rear Shed: $200 per week

Innisfail is a well-serviced regional center located approximately one hour south of Cairns, offering strong local infrastructure, a stable economy, and consistent rental demand.