83 Princes HighwayYarragon VIC 3823
Property Details for 83 Princes Hwy, Yarragon
83 Princes Hwy, Yarragon is a 4 bedroom, 2 bathroom House with 5 parking spaces and was built in 1900. The property has a land size of 742m2. While the property is not currently for sale or for rent, it was last sold in July 2013.
Last Listing description (March 2025)
Prime Investment Opportunity with Leaseback Option in Yarragon
This modern commercial building, constructed in 2018, presents a unique investment opportunity in the heart of Yarragon Township. With the owners offering to lease back all three spaces for 12 months, this is an ideal option for investors seeking immediate rental income.
Key Features:
A luxurious 3-bedroom, 2.5-bathroom apartment, featuring:
Master Suite with a spa ensuite, walk-in shower, and double vanity.
Modern Kitchen equipped with Smeg appliances, stone benchtops, and custom cabinetry.
Multiple Living Areas including a gas log fireplace and office nook.
Outdoor Balcony with ample space for relaxation and entertainment.
Versatile Commercial Space (Ground Floor):
Shop 1: Fully equipped restaurant with a commercial kitchen, cool room, and bi-fold servery windows. Liquor license for up to 50 patrons and outdoor dining on the veranda.
Shop 2: A flexible retail space with its own separate entrance, ideal for a variety of businesses.
Additional amenities include a lift well to the residence, private yard, and a spacious shed.
Investment Opportunity:
This property offers immediate income potential with a 12-month leaseback option from the owners, making it an attractive choice for investors. Whether you're looking to run a restaurant, retail space, or a mix of both, this property offers flexibility and prime positioning in Yarragon's bustling commercial zone. Total outgoings for the whole building $9042 p.a
Location Benefits:
Yarragon is a popular tourist destination in the Gippsland region, known for its charm and steady foot traffic from visitors and locals. The township offers lower operating costs and a supportive community, providing an ideal environment for new or expanding businesses.
Don't miss out on this rare opportunity!
Contact Jackie Shearer at 0437 966 769 or jackie.shearer@raywhite.com for further details or to arrange an inspection.
Property History for 83 Princes Hwy, Yarragon, VIC 3823
- 17 Mar 2024Listed for Sale $1,950,000
- 14 Feb 2022Listed for Sale $2,400,000
- 21 Apr 2021Listed for Sale Contact Agent
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0About Yarragon 3823
The size of Yarragon is approximately 68 square kilometres. The population of Yarragon in 2011 was 1,525 people. By 2016 the population was 1,667 showing a population growth of 9.3% in the area during that time. The predominant age group in Yarragon is 50-59 years. Households in Yarragon are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Yarragon work in a trades occupation. In 2011, 81.8% of the homes in Yarragon were owner-occupied compared with 78.8% in 2016.
Yarragon has 1,162 properties. Over the last 5 years, Houses in Yarragon have seen a 38.11% increase in median value, while Units have seen a 22.53% increase. As at 28 February 2025:
- The median value for Houses in Yarragon is $615,802 while the median value for Units is $373,841.
- Houses have a median rent of $490.
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