59 Edith St, Innisfail is a 8 bedroom, 3 bathroom House with 12 parking spaces. The property has a land size of 391m2 and floor size of 171m2. While the property is not currently for sale or for rent, it was last sold in July 2018.
Situated in the middle of the main street this commercial property offers an excellent return with a mix of commercial and residential with the reidential under a 2 year head lease. The gross return is $57600 with the rates at $8000 per annum. This brings the yield in at about 6.6% net. The commercial property is leased as a n ail salonwith a new 3 plus 3 year lease. It consists of a renovated modern shop front with approx $169 sqm of floor space including private treatment suites and staff amnites including lunch rom and toilet facilities. The residential area is over two levels and consists of two seperate dwellings of 4 bedrooms and kitchen/ dining/ living along with bathroom and the same on the top floor. The building is fully air conditioned .Land area is 391 sqm.It is quite rare for a main street commercial to hit the market in this town and this one is very appealing given the security of the leases.Contact Michael Skuse
The size of Innisfail is approximately 2.1 square kilometres. There are 13 parks, covering nearly 21.8% of the 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 870 properties. Over the last 5 years, Houses in Innisfail have seen a 105.19% increase in median value, while Units have seen a 108.44% increase. As at 31 August 2026:
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