Set in the heart of Innisfail CBD, just meters from the foreshore of the iconic Johnston River, Albert’s Innisfail presents a distinct investment opportunity. This modern accommodation and dining venue has been completely redeveloped in 2021, offering state-of-the-art private and shared facilities alongside one of Innisfail’s most popular casual dining spots, Albert’s Café & Woodfired Pizza.
Property Highlights:
✅ Inner-City Allotment: 498m² ✅ Two Levels: Modern facades, new roof, rewired electrical, new air-conditioning systems ✅ Accommodation: 16 rooms with council approval for up to 66 beds ✅ Room Features: Fully air-conditioned, electronic key locking system, custom joinery, personal lockers, charging stations ✅ Shared Common Areas: Fully functioning kitchen, cool room, communal TV room, outdoor area, laundry facility ✅ Albert’s Café & Woodfired Pizza: Fully licensed dine-in and takeaway café with seating for 55 pax, including four private function rooms ✅ High-Speed Wi-Fi Internet ✅ Secure Parking: Gated access to four off-street car parks, plus additional on-street parking ✅ Solar Power System ✅ Security: Twelve onsite security cameras
Potential Revenue Streams
We have three rental models generating income:
1. Long-Term Tenants (16 Rooms)
Weekly Rent per Room: $260
Annual Income: $260 × 16 rooms × 52 weeks = $216,320
2. Short-Term Backpacker Accommodation (66 Beds)
Nightly Rate per Bed: $35
Estimated Yearly Occupancy: 70% (industry average)
Annual Income: $35 × 66 beds × 365 days × 70% = $588,987
3. Café Lease Income
Annual Lease Range: $30,000 – $35,000 PA
Total Potential Annual Revenue:
Lower Estimate (Long-Term + Café Lease): $216,320 + $30,000 = $246,320
Higher Estimate (Backpackers + Café Lease): $588,987 + $35,000 = $623,987
Operating Expenses
Insurance: $13,000 PA (Approx.)
Power: $25,000 PA (Approx.)
Council Rates: $12,000 PA (Approx.)
Total Annual Expenses: $50,000 PA (Approx.)
Rental Yield Calculations (Based on $1,600,000 Purchase Price)
Long-Term Tenants + Café Lease Yield
Net Income: $196,320 PA
Rental Yield = (Net Income ÷ Purchase Price) × 100%
Yield: (196,320 ÷ 1,600,000) × 100% = 12.27%
Backpacker Accommodation + Café Lease Yield
Net Income: $573,987 PA
Rental Yield = (Net Income ÷ Purchase Price) × 100%
Yield: (573,987 ÷ 1,600,000) × 100% = 35.87%
Investment Opportunity:
🔹 Profitable hospitality venture with growth potential 🔹 Turnkey business with minimal hassle 🔹 Financial details available upon request
This exceptional property offers flexibility for investors, whether maintaining the existing business model or introducing new concepts.
📞 Enquire today to secure this rare opportunity in the heart of Innisfail!
