37 Main Street, Proserpine
overview
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1P3686
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Other
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Sold
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164 sqm
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405 sqm
Description
Secure Long-Term Lease | Established Business Since 1987
Positioned in the heart of Proserpine's commercial precinct, this standalone freehold property presents a high-quality investment opportunity with a proven long-term tenant in place.
The property is currently in the second year of a 5 + 5 + 5 lease to a well-established local business, providing reliable income and long-term security. Situated on an approximately 405m² commercial allotment, the property benefits from recent capital upgrades, ensuring strong tenant retention and reduced maintenance requirements moving forward.
Significant improvements including a new grease trap ($15,000) and electrical switchboard upgrade ($8,000) have been completed, enhancing the building's compliance, functionality and long-term value.
The current lease generates $43,596 per annum, increasing to $45,252 per annum (ex GST) from 1 May 2026, delivering an estimated net income of approximately $41,752 per annum after insurance.
With the tenant responsible for all outgoings other than insurance, this is a low-management, high-yield commercial investment in a tightly held regional location.
Investment Highlights:
• Standalone commercial freehold
• Commercial zoning
• Approx. 405m² landholding
• 5 + 5 + 5 lease commenced May 2024
• Current rent: $43,596 pa
• Rent increases to $45,252 pa (ex GST) from 1 May 2026
• Net income approx. $41,752 pa after insurance
• Lessor pays insurance only (approx. $3,500)
• Tenant pays all other outgoings
For further information, contact Rob Taylor 0428 466 124 or Nick Ianni 0472 675 428
The property is currently in the second year of a 5 + 5 + 5 lease to a well-established local business, providing reliable income and long-term security. Situated on an approximately 405m² commercial allotment, the property benefits from recent capital upgrades, ensuring strong tenant retention and reduced maintenance requirements moving forward.
Significant improvements including a new grease trap ($15,000) and electrical switchboard upgrade ($8,000) have been completed, enhancing the building's compliance, functionality and long-term value.
The current lease generates $43,596 per annum, increasing to $45,252 per annum (ex GST) from 1 May 2026, delivering an estimated net income of approximately $41,752 per annum after insurance.
With the tenant responsible for all outgoings other than insurance, this is a low-management, high-yield commercial investment in a tightly held regional location.
Investment Highlights:
• Standalone commercial freehold
• Commercial zoning
• Approx. 405m² landholding
• 5 + 5 + 5 lease commenced May 2024
• Current rent: $43,596 pa
• Rent increases to $45,252 pa (ex GST) from 1 May 2026
• Net income approx. $41,752 pa after insurance
• Lessor pays insurance only (approx. $3,500)
• Tenant pays all other outgoings
For further information, contact Rob Taylor 0428 466 124 or Nick Ianni 0472 675 428