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9/80 River Avenue, Mighell

$480,000

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Attention Investors! Brand-New Stylish Unit with 6.7% ROI – High Depreciation Benefits

The Avenue is Innisfail's newest residential development, built by Allan Sultana Constructions-one of the region's most trusted builders with over 47 years' experience-and proudly developed by the Catalano family. Recently awarded by Master Builders, this boutique complex blends modern living with strong investment potential.

Features include:
Thoughtfully designed layout with private balcony
Fully secure complex with gated entry and remote undercover parking
Soaring 2.6m–2.7m ceilings
Quality finishes throughout
Fibre-to-the-Premises (FTTP) internet
Common BBQ entertaining area

Investor highlights:
Rental appraisal: $620 per week approx.
Gross rental yield: 6.7% p.a. approx.
Council rates: $4,000 p.a. approx.

Strong negative gearing and tax benefits with a high depreciation schedule available

Location:
Just one hour south of Cairns, Innisfail is a vibrant regional hub with approximately 7,000 residents. Known for its strong agricultural industry, riverside town centre, and stunning art deco architecture, Innisfail is a sought-after destination for both lifestyle and investment.

This is an outstanding opportunity to secure a brand-new, high-yield property with excellent rental return and substantial tax write-off benefits.

All information contained herein is gathered from sources we believe to be reliable. This Office and its Agent provide no guarantees or undertakings concerning the accuracy, completeness, or current nature of the information and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers must undertake their own due diligence, enquiries and assume various searches to verify the information contained herein.

Features

Balcony Courtyard Fenced Secure Parking

Details

Address 9/80 River Avenue, Mighell
Price $480,000
Property Type Residential
Property ID 80
Category Unit
Floor Area 118 m2

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Zoe Wicks

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