151 Mourilyan Road, South Innisfail, QLD 4860

Located on the main thoroughfare of Innisfail's biggest suburb is this large multi-purpose bulky goods retail/warehouse, which also has a modern, fully renovated two-bedroom residence at the rear. The residence would rent in the open market for $300 plus per week. Innisfail is a rapidly growing regional town, with one of the highest Gross Regional Product in Queensland, thanks predominantly to its agricultural success, along with access to the fruitbowl of the Atherton Tablelands. With the continued urban spread of Cairns to the North, Innisfail is rapidly becoming a satellite suburb to the city.

This building has had several different incarnations. It was once a thriving furniture store with a massive local and regional client base. It has served as an auction house and has also been a revival church at one stage. It is versatile. The total floor area is approximately 585 sqm, not including the residence. This consists of the mezzanine, main showroom, workshop, staff facilities, and roadside awning. The residence is approximately 156 sqm and features a landscaped garden and patio area along with a carport.

At current comparable square metre rental rates, we would expect the building to achieve $60000 plus per annum.

The building has roller door access at the side via the side driveway, and you could easily exit out the front doors, currently glass, but an easy conversion to a roller door. This certainly opens up the possibilities for suitable tenancies.

We estimate a replacement build cost to be in excess of $1.2 million. Add the 1012 sqm of land, and you can see that at offers over $700000, this is a very attractive proposition for the smart investor.

Contact Michael Skuse