37 Main Street

Proserpine QLD 4800

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 405m 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. 405m 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 outgoingsFor further information, contact Rob Taylor 0428 466 124 or Nick Ianni 0472 675 428