FOR SALE
$1,500,000 + GST

4-6 Devon Road
Paynesville VIC 3880

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2395m2
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PAYNESVILLE'S LANDMARK DEVELOPMENT OPPORTUNITY

Discover an unparalleled development opportunity with this magnificent site, ideally located just metres from the renowned Gippsland Lakes. This prime piece of real estate boasts an approved planning permit for the construction of 30 luxury apartments and two retail spaces, making it an investor's dream.
The site spans approximately 2,395 square metres and is zoned Commercial 1, offering a range of potential uses (Subject To Council Approval - S.T.C.A.). Whether you envision a low-rise residential development, a boutique subdivision, or a versatile commercial project, the possibilities are vast and exciting.
Situated in a highly sought-after central location, this site provides the perfect blend of convenience and natural beauty. It's rare to find such a prime plot of land so close to the water, local amenities, and facilities. Don't miss the chance to be part of this region's defining development project.
This is a rare opportunity to secure a premier development site in a truly exceptional location.
For more information or to arrange a site inspection, please contact us today.

Property Details for 4-6 Devon Rd, Paynesville

Building Type
Land
Land Size
2395m2

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About Paynesville 3880

The size of Paynesville is approximately 7 square kilometres. It has 8 parks covering nearly 3.7% of total area. The population of Paynesville in 2011 was 3,236 people. By 2016 the population was 3,476 showing a population growth of 7.4% in the area during that time. The predominant age group in Paynesville is 60-69 years. Households in Paynesville are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Paynesville work in a professional occupation. In 2011, 72.3% of the homes in Paynesville were owner-occupied compared with 71.5% in 2016.

Paynesville has 3,105 properties. Over the last 5 years, Houses in Paynesville have seen a 49.15% increase in median value, while Units have seen a 44.12% increase. As at 31 October 2024:

  • The median value for Houses in Paynesville is $560,256 while the median value for Units is $352,705.
  • Houses have a median rent of $470 while Units have a median rent of $380.
There are currently 87 properties listed for sale, and 6 properties listed for rent in Paynesville on OnTheHouse. According to CoreLogic's data, 128 properties were sold in the past 12 months in Paynesville.

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Chris Martin
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King & Heath First National - PAYNESVILLE
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