Innisfail office tenanted to independent MP Bob Katter for sale

Independent MP Bob Katter recently signed a lease to stay on at 64 Edith Street, Innisfail, until at least 2024.

The Innisfail office occupied by independent MP Bob Katter – who’s support for Julia Gillard allowed the ALP to form a minority government after the 2010 federal election – is for sale.

Colliers International’s Charlie Torrisi is marketing 64 Edith Street for $1.85 million.

The double storey commercial building, atop a basement car park, was built in 1992 and refurbished in 2011.

It includes 1247 square metres of lettable area.

The biggest occupiers – Mr Katter, and the Commonwealth Bank of Australia – are committed until 2024 after recently renewing their leases.

Some upstairs area is vacant giving any incoming owner the opportunity to occupy or rent it out.

Mr Torrisi said 64 Edith Street occupies a 1011 square metre plot at the most visible location in the Innisfail CBD, at the south west corner of Owen Street.

Bruce Highway – which handles the plentiful traffic passing through the town – is a block from Mr Katter’s office.

The far north Queensland town – the Cassowary Coast’s largest, known in business circles for its banana and sugar industries – has a population of 10,000.

In October we reported that another independent politician, businessman Clive Palmer, paid $780,000 for Townsville’s historic Queensland building.

Mr Palmer intends to occupy it as the headquarters for Queensland Nickel, which went into administration three years ago.

Commonwealth Bank of Australia leases a ground floor space at 64 Edith Street, Innisfail.
The site (highlighted) occupies a prime plot at the south west corner of Edith and Owen streets.
The upstairs office area. The 27 year old building was renovated in 2011.

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Marc Pallisco

A freelance property analyst and journalist, Marc is a co-founder of realestatesource.com.au.

Marc Pallisco