FOR SALE
EXPRESSION OF INTEREST (EOI)

Contact Agent For Address
Lakes Entrance VIC 3909

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 7400m2
Land area: 7400m2
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40 UNITS FREEHOLD MOTEL OCCUPYING 7,400 SQM LAND WITH GIPPSLAND LAKES’ MAGNIFICENT VIEWS!

Australian National Real Estate proudly presents this opportunity to invest in a 40-room freehold going concern motel situated on an expansive land of 7,400 sqm (approx.) sitting high on the hill with panoramic ocean views!
An incredibly rare opportunity is waiting for an investor, Owner Motel Operator, Builder, or Developer alike to take this property to the next level (STCA).
The Property is situated approx. a 3-minute drive (1 km) from the famous Lakes Entrance and East Gippsland's beloved coastal destinations occupies the vast eastern corner of Victoria and is rewarded with natural landscapes of unparalleled beauty.
In response to the growing demand for accommodation within the area, the property promises itself to development opportunities, such as a second-floor expansion (STCA). With General Residential - Schedule 1 zoning, there is scope to pursue permanent residential development opportunities (STCA).
40 Room Types: Double Rooms | Family Rooms | Twin Rooms | Quadruple Rooms | Spa Rooms
Motel Rooms facilities: The rooms have air conditioning, LCD TV, refrigerator, electric blankets, and tea and coffee-making facilities and the property offers laundry and free parking.
- Overlooking the famed Gippsland Lakes and the Bass Strait.
- (40) Units of varying configurations and bedding options and spacious, well-appointed Manager’s 2-bedroom Residence, Restaurant, Swimming pool and onsite Laundry.
- 110-seat Restaurant serviced by a fully equipped commercial kitchen (currently not in use).
- Newly installed commercial laundry with commercial washers and dryers
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Property Details for Contact Agent For Address, Lakes Entrance

Building Type
Commercial
Floor Size
7400m2
Land Size
7400m2

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About Lakes Entrance 3909

The size of Lakes Entrance is approximately 28.1 square kilometres. It has 19 parks covering nearly 17.7% of total area. The population of Lakes Entrance in 2011 was 4,569 people. By 2016 the population was 4,801 showing a population growth of 5.1% in the area during that time. The predominant age group in Lakes Entrance is 60-69 years. Households in Lakes Entrance are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Lakes Entrance work in a labourer occupation. In 2011, 65% of the homes in Lakes Entrance were owner-occupied compared with 65.8% in 2016.

Lakes Entrance has 4,099 properties. Over the last 5 years, Houses in Lakes Entrance have seen a 75.28% increase in median value, while Units have seen a 63.41% increase. As at 30 September 2024:

  • The median value for Houses in Lakes Entrance is $544,883 while the median value for Units is $375,335.
  • Houses have a median rent of $420 while Units have a median rent of $340.
There are currently 122 properties listed for sale, and 5 properties listed for rent in Lakes entrance on OnTheHouse. According to CoreLogic's data, 105 properties were sold in the past 12 months in Lakes entrance.

Suburb Insights for Lakes Entrance 3909

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Contact agent
Alexandra Visic
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Australian National Real Estate
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.