59 Edith Street, Innisfail, QLD 4860 | House for sale | OnTheHouse
 
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59 Edith Street
Innisfail QLD 4860

Bedrooms: 8
Bathrooms: 3
Car spaces: -
Land area: 391m2
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Prime Main Street Commercial & Residential Investment – Secure Income Stream

Calling all commercial and residential investors — this is an outstanding opportunity to secure a tightly held main street property offering strong returns, long-term leases, and diversified income.
Ideally positioned in the heart of the town’s main street, this mixed-use asset delivers a gross annual income of $57,600 with approx. $8,000 in annual rates, resulting in an attractive net yield of approximately 6.6%.
The ground floor commercial tenancy is leased to a well-established nail salon under a new 3 + 3 year lease, providing excellent income security. The premises feature a modern, renovated shopfront with approximately 169m² of floor space, including multiple private treatment rooms, staff amenities, lunchroom, and toilet facilities.
Above, the residential component is leased under a two-year head lease and comprises two separate dwellings across two levels, each offering:
Four bedrooms
Kitchen, dining, and living areas
Bathroom facilities
The entire building is fully air-conditioned, ensuring comfort for both commercial and residential tenants.
Set on a 391m² land parcel, this property represents a rare chance to acquire a high-performing investment in a location where main street commercial assets seldom become available.
With secure leases already in place and multiple income streams, this is an ideal addition to any investment portfolio.
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Property Details for 59 Edith St, Innisfail

59 Edith St, Innisfail is a 8 bedroom, 3 bathroom House. The property has a land size of 391m2. The place is currently for sale with Altora Global.

Building Type
House
Land Size
391m2
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About Innisfail 4860

The size of Innisfail is approximately 2.1 square kilometres. It has 13 parks covering nearly 21.8% of total area. The population of Innisfail in 2016 was 1145 people. By 2021 the population was 1091 showing a population decline of 4.7% in the area during that time. The predominant age group in Innisfail is 20-29 years. Households in Innisfail are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Innisfail work in a labourer occupation.In 2021, 30.90% of the homes in Innisfail were owner-occupied compared with 32.00% in 2016.

Innisfail has 874 properties. Over the last 5 years, Houses in Innisfail have seen a 99.36% increase in median value, while Units have seen a 128.08% increase. As at 31 January 2026:

  • The median value for Houses in Innisfail is $369,319 while the median value for Units is $404,404.
  • Houses have a median rent of $430 while Units have a median rent of $300.
There are currently 27 properties listed for sale, and 12 properties listed for rent in Innisfail on OnTheHouse. According to Cotality's data, 26 properties were sold in the past 12 months in Innisfail.

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Brad Wilson
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Thomas Dennis
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Altora Global
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