60 Rankin Street Innisfail QLD 4860

This commercial building is situated in a prominent CBD position on 506m2 and features 6 separate tenants. The tenants comprise of a News Agency as main tenant, which has been operating for 45 years from this site. There are 3 residential units, a shed at the rear and basement storage.

The News Agency current lease period is 5 years with 3 x 3 year options. Rental income is $70,800 per annum including gst. The News Agency lessors pay the full rates.
Residential rental income is $58,240 per annum no gst.
Shed rental income is $8,580 per annum including gst.
Basement storage rental income is $22,880 per annum no gst.

TOTAL INCOME =$160,500 PER ANNUM =12% GROSS

For more information or viewing contact John Strano at Campbell Real Estate NQ. 0408 611 455.