156 Edith Street, Innisfail, QLD 4860 | Property Value & History | OnTheHouse
OFF MARKET

156 Edith Street
Innisfail QLD 4860

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 1042m2
We do not have enough data to display the calculated estimate for this property.
Save

Property Details for 156 Edith St, Innisfail

Building Type
Commercial
Land Size
1042m2
Local Government
Cassowary Coast Regional
Lot/Plan
2/I28160

Last Listing description (March 2026)

THE OPPORTUNITYIf you've lived in Innisfail long enough, you already know this place.Wai Young Chinese Restaurant has been operating in the same location for over 40 years. Same family, same setup, and a reputation that's held the entire time.Now they're ready to move on.Not because it failed. Because life moves on.And instead of shutting the doors, they're giving someone the opportunity to take it over.WHAT YOU'RE ACTUALLY BUYINGThis is not being sold as a polished, high-margin business with perfect books.This is a fully fitted, operating restaurant with history, recognition, and everything already in place.You're stepping into:- A known name in the community- A full commercial kitchen set up for Asian cooking- Existing customer base- Liquor licence- Established location with highway exposureThe structure is there. What you do with it is up to you.THE SETUP- 303m restaurant space- Fully equipped commercial kitchen- Dining area and service layout already in place- On-site parking- Liquor licence in place- High exposure positionTHE LEASE- Rent: approx $2,900/month + GST - Term: 3 years + 3 year option (commenced March 2025) - Approved use: restaurant / takeaway HOW TO APPROACH THISYou can keep it exactly as it is, or you can change it completely. Rebrand it, update the menu, add coffee, modernise the space, or take it in a completely different direction. The hard part is already done with the premises, equipment, location, and recognition all in place. This suits someone who wants to run their own place and walk into something that already exists. It's a low entry point for someone motivated to take over and start operating immediately.

Property History for 156 Edith St, Innisfail, QLD 4860

A timeline of how this property has performed in the market
Last Transferred
$275,000
20 May 2010
Listed for Rent
$180/w
29 Nov 2008
  • 20 Mar 2026
    Listed for Sale $49000
  • 23 Apr 2018
    Listed for Rent $220 / week
  • 20 May 2010
    Transferred for $275,000
Sign in to see more transactions
Commute Calculator

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 867 properties. Over the last 5 years, Houses in Innisfail have seen a 122.20% increase in median value, while Units have seen a 116.50% increase. As at 30 April 2026:

  • The median value for Houses in Innisfail is $397,325 while the median value for Units is $395,422.
  • Houses have a median rent of $360 while Units have a median rent of $360.
There are currently 18 properties listed for sale, and 11 properties listed for rent in Innisfail on OnTheHouse. According to Cotality's data, 28 properties were sold in the past 12 months in Innisfail.

Suburb Insights for Innisfail 4860

Market Insights
Innisfail Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Innisfail Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.