60 Rankin StreetInnisfail QLD 4860
Property Details for 60 Rankin St, Innisfail
Last Listing description (July 2025)
This commercial building for sale is strategically located in a prime CBD position, encompassing an area of 506m². The property features six separate tenants, including a well-established Newsagency as the principal tenant, which has been operating from this site for over 45 years. Additionally, the premises include three residential units, a shed at the rear, and basement storage facilities.
The Newsagency's current lease term is five years, with a renewal option of 3+3 years, commencing on February 19, 2024. This property represents possibly one of the best positively geared investment opportunities in Australia for a CBD property. The total income when fully rented , including GST, is $162,320. Please note that the major tenants contribute towards the Council rates.
For further information or to arrange a viewing, please contact John Strano at Raine and Horne Innisfail on 0408 611 455.
Property History for 60 Rankin St, Innisfail, QLD 4860
- 01 Jul 2025Listed for Sale $1450000.00
- 01 Nov 2024Listed for Sale $1,450,000
- 29 Sep 2021Listed for Sale $395,000 + stock at valuation
Recent sales nearby
See more recent sales nearby/assets/perm/jmbi2woc3yi63b6nemlg67lhwe?signature=3f716057ec14eb541980cbac8741f10fcf4f79ced76f9ea9588c992b71cbb696){kind=logo}
0
/assets/perm/u7fkrsoduui63lldwu62syfvza?signature=ec934db7ee0f8e33fa745536c17908ce53460abf4a311f59c06f983aa508aa7c){kind=logo}
0
/assets/perm/bpfe5koyaai6za4xrxl2we5acm?signature=2b7aac93dd63784594ce22df9746dfff857d7f09e45738af1bfa1c0787a23c7d){kind=logo}
0Similar properties For Sale nearby
See more properties for sale nearby
0
0
0
Similar properties For Rent nearby
See more properties for rent nearby
0
0
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.
Suburb Insights for Innisfail 4860
Market Insights
Innisfail Trends for Houses
N/A
N/A
View TrendN/A
N/A
Innisfail Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.
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.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
