20 Owen Street
Innisfail, QLD 4860

This investment property offers a well-designed shop and office space situated in an exceptionally prime location within the central business district of Innisfail.

The versatile premises accommodate a variety of business types, suitable for either retail operations or office usage, enabling broad functional flexibility.

Key features include:

• Three split air conditioning units installed to maintain comfortable temperature control throughout the premises.
• A remote-controlled front sliding door providing ease of access and security.
• A large showroom area to maximize product display or customer interaction space.
• A spacious conference room ideal for meetings and collaborative work.
• A staff room equipped with a kitchenette, enhancing convenience for employees.
• Shop floor space covering approximately 107 square meters, offering substantial usable area.
• The property comprises three floors, all of which are currently fully tenanted, providing immediate rental income.

Rental income details:

• The basement space is rented at $200 per week, equating to an annual income of $10,400.
• The top floor is leased for $190 per week, totaling $9,880 per annum.
• The main shop commands a rent of $16,363.68 plus $1,636.32 GST, making a total of $18,000 annually.
• Combined, these tenancies generate a total annual income of $36,643, excluding GST.

This property presents an excellent opportunity for investors seeking a secure income stream from a strategically located commercial asset in the heart of Innisfail.

The land area measures 116 square meters, providing a suitable footprint for the current building and any associated facilities.

Community amenities surrounding the location include medical centers and hospitals, playgrounds and parks, pools, public transportation facilities, schools, shops, and sports facilities, contributing to the property's accessibility and attractiveness.