"Rare Investment Opportunity: Newly Renovated Block of Units for Sale or lease in Innisfail!" 3 EDITH ST INNISFAIL QLD

Description

Set in the heart of Innisfail CBD, just meters from the foreshore of the iconic Johnston River, Albert’s Innisfail presents a distinct investment opportunity. This modern accommodation and dining venue has been completely redeveloped in 2021, offering state-of-the-art private and shared facilities alongside one of Innisfail’s most popular casual dining spots, Albert’s Café & Woodfired Pizza.

Property Highlights:
✅ Inner-City Allotment: 498m² ✅ Two Levels: Modern facades, new roof, rewired electrical, new air-conditioning systems ✅ Accommodation: 16 rooms with council approval for up to 66 beds ✅ Room Features: Fully air-conditioned, electronic key locking system, custom joinery, personal lockers, charging stations ✅ Shared Common Areas: Fully functioning kitchen, cool room, communal TV room, outdoor area, laundry facility ✅ Albert’s Café & Woodfired Pizza: Fully licensed dine-in and takeaway café with seating for 55 pax, including four private function rooms ✅ High-Speed Wi-Fi Internet ✅ Secure Parking: Gated access to four off-street car parks, plus additional on-street parking ✅ Solar Power System ✅ Security: Twelve onsite security cameras

Potential Revenue Streams

We have three rental models generating income:

1. Long-Term Tenants (16 Rooms)
Weekly Rent per Room: $260

Annual Income: $260 × 16 rooms × 52 weeks = $216,320

2. Short-Term Backpacker Accommodation (66 Beds)
Nightly Rate per Bed: $35

Estimated Yearly Occupancy: 70% (industry average)

Annual Income: $35 × 66 beds × 365 days × 70% = $588,987

3. Café Lease Income
Annual Lease Range: $30,000 – $35,000 PA

Total Potential Annual Revenue:
Lower Estimate (Long-Term + Café Lease): $216,320 + $30,000 = $246,320

Higher Estimate (Backpackers + Café Lease): $588,987 + $35,000 = $623,987

Operating Expenses
Insurance: $13,000 PA (Approx.)

Power: $25,000 PA (Approx.)

Council Rates: $12,000 PA (Approx.)

Total Annual Expenses: $50,000 PA (Approx.)

Rental Yield Calculations (Based on $1,600,000 Purchase Price)
Long-Term Tenants + Café Lease Yield
Net Income: $196,320 PA

Rental Yield = (Net Income ÷ Purchase Price) × 100%

Yield: (196,320 ÷ 1,600,000) × 100% = 12.27%

Backpacker Accommodation + Café Lease Yield
Net Income: $573,987 PA

Rental Yield = (Net Income ÷ Purchase Price) × 100%

Yield: (573,987 ÷ 1,600,000) × 100% = 35.87%



Investment Opportunity:
🔹 Profitable hospitality venture with growth potential 🔹 Turnkey business with minimal hassle 🔹 Financial details available upon request

This exceptional property offers flexibility for investors, whether maintaining the existing business model or introducing new concepts.

📞 Enquire today to secure this rare opportunity in the heart of Innisfail!