69 Main Street, Proserpine, QLD 4800 | Commercial for sale | OnTheHouse
 
FOR SALE
EXPRESSIONS OF INTEREST

69 Main Street
Proserpine QLD 4800

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 950m2
Land area: 2221m2
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Grand Central Hotel Proserpine - Freehold Going Concern With Multiple Income Streams

For Sale by Expression of Interest
Positioned in the centre of Proserpine's main street, the Grand Central Hotel presents a rare opportunity to secure a freehold hotel asset in the heart of the Whitsundays gateway.
Set on a substantial commercial site, this is a genuine going concern offering a combination of bar trade, dining, accommodation and takeaway liquor, all underpinned by a strong local presence and consistent regional traffic.
The property has the fundamentals buyers look for in a regional hotel. There is a public bar, separate lounge and dining areas, outdoor beer garden and a large commercial kitchen, supported by on-site accommodation and established trading history. The layout allows for multiple income streams to operate simultaneously, providing flexibility for both owner-operators and investors.
What makes this opportunity stand out is its upside. The hotel is well positioned for a buyer to improve performance through more active management, refreshed branding, enhanced food and beverage offering or targeted upgrades to accommodation. There is clear scope to reposition the asset and lift returns over time.
Proserpine plays an important role within the Whitsundays region. It services the surrounding residential and rural catchment while also benefiting from its proximity to Airlie Beach and the Whitsunday Coast Airport. This creates a steady mix of local trade, workforce demand and visitor flow, supporting the ongoing relevance of a well-run hotel in this location.
The Grand Central Hotel is a recognisable venue with long-standing ties to the community, offering both immediate income and future potential.
This is an opportunity to secure a freehold pub asset with scale, presence and multiple pathways to add value.
Key Features
• Freehold going concern hotel in town centre location
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Property Details for 69 Main St, Proserpine

Building Type
Commercial
Floor Size
950m2
Land Size
2221m2
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About Proserpine 4800

The size of Proserpine is approximately 23.4 square kilometres. It has 10 parks covering nearly 2.1% of total area. The population of Proserpine in 2016 was 3562 people. By 2021 the population was 3614 showing a population growth of 1.5% in the area during that time. The predominant age group in Proserpine is 10-19 years. Households in Proserpine are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Proserpine work in a trades occupation.In 2021, 61.20% of the homes in Proserpine were owner-occupied compared with 59.50% in 2016.

Proserpine has 1,927 properties. Over the last 5 years, Houses in Proserpine have seen a 102.86% increase in median value, while Units have seen a 103.53% increase. As at 31 March 2026:

  • The median value for Houses in Proserpine is $590,631 while the median value for Units is $433,697.
  • Houses have a median rent of $600 while Units have a median rent of $385.
There are currently 7 properties listed for sale, and 8 properties listed for rent in Proserpine on OnTheHouse. According to Cotality's data, 76 properties were sold in the past 12 months in Proserpine.

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Brett Dwyer
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Mark Beale
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Ray White Whitsunday
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