3 Edith StreetInnisfail QLD 4860
Property Details for 3 Edith St, Innisfail
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
- 22 Jun 2025Sold for $1,300,000
- 09 May 2025Listed for Sale Offer over $1.5Mil
- 16 Apr 2024Sold for $1,150,000
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0About 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.
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