• Sold
Quality Commercial Investment
Quality Commercial Investment
Quality Commercial Investment
Quality Commercial Investment
Quality Commercial Investment
Quality Commercial Investment
Quality Commercial Investment
Quality Commercial Investment
Quality Commercial Investment
Quality Commercial Investment
Quality Commercial Investment
Quality Commercial Investment

For Sale

$1,850,000 AUD

Colliers International has the pleasure to offer for sale the high-profile commercial premises at 64 Edith Street, Innisfail.

This is a rare opportunity to purchase a quality commercial investment within the main shopping precinct of Innisfail, the Cassowary Coast's largest town with a population of approximately 10,000.

The three-level office complex is occupied by established long-term blue-chip tenants in one of far north Queensland' fastest growing regions.

The tenanted building has high-profile tenants, Commonwealth Bank and one of Australia's longest serving Federal MPs, the Hon. Bob Katter. Both tenants have recently renewed their leases until 2024. There are additional office leasing opportunities on the upper level for the new owner to immediately increase the current rental income.

Originally constructed in 1992 this solid masonry building has undergone refurbishments to the upper floor in 2011 and a full roof restoration in 2012. The basement level consists of car parking for tenants and is accessible via a laneway off Owen Street.

The building is located in the most visible location in the Innisfail CBD, on the corner of Owen and Edith Streets. This prominent location is further enhanced by the blue-chip tenants that attract a consistent flow of passers-by.

Features:

+ Two high-profile long-term tenants with current leases until 2024
+ Site area of 1,247m2*
+ Floor area of 500m2* on two levels
+ 10 car parking bays in the basement area
+ The property is located on a high-profile corner in the main shopping precinct of Innisfail

64 Edith Street, Innisfail will be offered for sale at the listed price of $1,850,000.

For more information, please contact the agent.

*approximately

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.

Ref #: 20357423

Property Details

  • 02/09/2020
  • Contact our experts for details on this transaction