3 Edith Street, Innisfail, QLD 4860 sold on 22 June 2025 | OnTheHouse
SOLD
Sold on 22 Jun 2025 for $1,300,000

3 Edith Street
Innisfail QLD 4860

Bedrooms: 16
Bathrooms: 8
Car spaces: 4
Land area: 498m2
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Property Details for 3 Edith St, Innisfail

Building Type
Commercial
Land Size
498m2
Local Government
Cassowary Coast Regional
Lot/Plan
1/RP708253

Last Listing description (December 2025)

Set in the heart of Innisfail CBD, just meters from the foreshore of the iconic Johnston River, Alberts 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 Innisfails most popular casual dining spots, Alberts Caf & Woodfired Pizza.

Property Highlights:
Inner-City Allotment: 498m 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 Alberts Caf & Woodfired Pizza: Fully licensed dine-in and takeaway caf 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. Caf Lease Income
Annual Lease Range: $30,000 $35,000 PA

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

Higher Estimate (Backpackers + Caf 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 + Caf 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 + Caf 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!

Property History for 3 Edith St, Innisfail, QLD 4860

A timeline of how this property has performed in the market
Last Sold
$1,300,000
22 Jun 2025
  • 22 Jun 2025
    Sold for $1,300,000
  • 09 May 2025
    Listed for Sale Offer over $1.5Mil
  • 16 Apr 2024
    Sold for $1,150,000
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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 871 properties. Over the last 5 years, Houses in Innisfail have seen a 116.24% increase in median value, while Units have seen a 113.04% increase. As at 30 November 2025:

  • The median value for Houses in Innisfail is $357,926 while the median value for Units is $371,072.
  • Houses have a median rent of $405 while Units have a median rent of $280.
There are currently 25 properties listed for sale, and 10 properties listed for rent in Innisfail on OnTheHouse. According to Cotality's data, 29 properties were sold in the past 12 months in Innisfail.

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Amandeep Singh
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Barinderjeet Jhajj
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Oxbridge Property Group
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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.