Due to the property's current condition and age, it is not eligible for traditional financing. Therefore, we are seeking cash buyers only. This is an excellent opportunity for investors or renovators looking to add value through refurbishment.
481 SQM- LOW SET HOME, OUTSTANDING LOCATION, CBD MANY OPTIONS- INVESTOR, MAJOR RENOS REQUIRED-EXPRESSIONS OF INTEREST- LOW $100K’s
1937 CBD Cottage – Renovator’s Dream
This character-filled 1937 cottage boasts solid bones and is ripe for transformation. Situated in a prime CBD location with flexible residential or commercial zoning, it's an ideal project for handypersons or DIY enthusiasts ready to restore its charm. Unlock its potential and create something truly special.
Prime Innisfail CBD Investment Opportunity- Expressions of Interest Low $100K’s.
481 sqm property, offering a rare chance to invest in the heart of Innisfail's CBD. Situated just behind Kmart, this property is ideal for investors, major renovations required, or first-home buyers seeking a strategic foothold in a rapidly growing market.
Key Features:
• Versatile Layout: Currently a 1-bedroom home with front sunrooms, providing effortless scope to convert into a 3-bedroom residence.
• Historic Charm: Features corrugated iron roofing and both external and internal walls, reflecting the area's architectural heritage.
• Outdoor Potential: The yard is a blank canvas, offering ample space for additions such as a large shed or outdoor entertainment area.
• Utilities: Connected to mains water, power, and sewerage.
Financial Highlights:
• Annual Outgoings- Council Rates: $4,200 including water, mains water, mains sewerage, mains power.
Market Insights:
Innisfail's property market is experiencing significant growth, with a median house price of $300,000 and an annual capital growth rate of 28.26%. The average rental yield for houses stands at 7.23%, with a median rent of $400 per week.
Don't Miss Out:
Properties in this prime location are snapped up quickly. Seize this opportunity to secure a valuable asset in Innisfail's thriving CBD. Contact the exclusive agent today to express your interest.
