FOR SALE
$2,100,000

1 Princes Highway
Lucknow VIC 3875

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 220m2
Land area: 15985.08m2
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OUTSTANDING LOCATION, YOUR CHANCE TO DREAM BIG

Sitting on the edge of the Bairnsdale CBD, this property offers a rare chance to secure 1.6 hectares of prime real estate with unparalleled highway exposure plus stunning water views! This unique investment or lifestyle opportunity features your very own private access to a lake, and neighbours the very popular rest spot of Howitt Park plus the Bairnsdale CBD is just a short walk over the Mitchell River!
Included in the sale is a gorgeous fully licensed popular cafe with ample indoor seating and a large, north-facing undercover deck equipped with blinds. The cafe comes with all necessary plant and equipment, ready for the new owners to make their mark. There also potential for further development STCA. Additionally, there is a beautifully renovated 2-bedroom, 2 bathroom residence which is currently leased for short stays. The lovely renovation retains the country charm, with plenty of north-facing windows that flood the home with natural light and provides breathtaking views. A 6.5 x 8m shed with concrete floor and power completes the package.
Dream big with this property - there are so many possibilities! Whether you envision expanding the current hospitality operations, redevelop or completely repurpose, this offering has the potential to turn your vision into reality. Don't miss out on this exceptional opportunity to own a piece of prime real estate with immense potential.

Property Details for 1 Princes Hwy, Lucknow

Building Type
Commercial
Floor Size
220m2
Land Size
15985.08m2

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About Lucknow 3875

The size of Lucknow is approximately 19.7 square kilometres. It has 7 parks covering nearly 1.8% of total area. The population of Lucknow in 2011 was 1,065 people. By 2016 the population was 1,243 showing a population growth of 16.7% in the area during that time. The predominant age group in Lucknow is 60-69 years. Households in Lucknow are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Lucknow work in a trades occupation. In 2011, 74% of the homes in Lucknow were owner-occupied compared with 73.4% in 2016.

Lucknow has 1,309 properties. Over the last 5 years, Houses in Lucknow have seen a 75.31% increase in median value, while Units have seen a 37.69% increase. As at 31 October 2024:

  • The median value for Houses in Lucknow is $549,391 while the median value for Units is $307,320.
  • Houses have a median rent of $550 while Units have a median rent of $225.
There are currently 29 properties listed for sale, and 6 properties listed for rent in Lucknow on OnTheHouse. According to CoreLogic's data, 62 properties were sold in the past 12 months in Lucknow.

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Carly Hine
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LJ Hooker Bairnsdale
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