Name: 166-170 Main Street, Proserpine, QLD 4800
Address: 166-170 Main Street , QLD, Proserpine, QLD, 4800
Telephone: +61 428 466 124

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166-170 Main Street, Proserpine, QLD 4800

Properties / Buy / Queensland / Proserpine

Development Potential

1. Property Summary

Property Type

Commercial

Land Area

3,030 m² (*approx)

Selling Method

EOI: For Sale

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2. Property Highlights

AVAILABLE NOW - FOR PURCHASE OR LEASE

POSITION - POSITION - POSITION!!

Located on the southern entry to the popular, and internationally recognised, Whitsunday Region this aggregation offers a 'One of a Kind' Commercial Opportunity. With a 60m Bruce Hwy frontage, the sites boast an enviable position that provides maximum exposure with over 12,193 cars passing each day, to benefit existing tenancies and the development of others into the future.

Circumstances have changed for the existing Commercial tenants, so this rare opportunity now allows the option to owner occupy or to purchase as an investment. In its current form, it comprises 3 titles over some 3,036sqm. When benefiting from both the Development and Preliminary Approvals over the aggregation the number of Titles will be reduced to two:

- DA over existing Brick Veneer home and vacant lot = 1 lot

- PA over the Timber Cottage = 1 lot

The investment is secured by the 2 Residential Homes that are currently tenanted with a combined rent of $1,000 per week ($52,000p/a). This provides the savvy investor an income of approx. $12,297 per month.

North Queensland, and in particular Proserpine/Whitsunday Region, is experiencing significant growth in the commercial and residential sectors. It's one of Australia's most sought after lifestyle locations and with continued population growth, it's primed to prosper from development opportunities.

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