FOR SALE
$330,000

67B Esplanade
Paynesville VIC 3880

Bedrooms: -
Bathrooms: 1
Car spaces: -
Floor area: 102m2
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Investment Opportunity: Secure Government-Leased

This prime freehold investment opportunity is located along the bustling Esplanade in Paynesville, overlooking the picturesque waterfront. Ideally positioned next to a bakery, the local pub, and popular restaurants, it's also set amongst key businesses like the chemist offering high foot traffic and visibility.
The property, comprising 102 sqm with rear access from Fleischer Street, has recently been re-roofed and is providing a reliable and hassle-free investment. The current lease brings in $20,243 per annum, with all outgoings covered by the tenant.
For more details, please contact Bret Ward at 0427 562 644.

Property Details for 67b Esplanade, Paynesville

Building Type
Commercial
Floor Size
102m2

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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 88 properties listed for sale, and 8 properties listed for rent in Paynesville on OnTheHouse. According to CoreLogic's data, 129 properties were sold in the past 12 months in Paynesville.

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Bret Ward
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Jennifer Ward
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Elders Real Estate Bairnsdale
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