255 Main StreetBairnsdale VIC 3875
Property Details for 255 Main St, Bairnsdale
Last Listing description (August 2023)
+ Fifteen (15) year lease to August 2031 plus seven (7) further ten (10) year options through to 2101.
+ Rare triple net lease, tenant responsible for all outgoings including rates, multiple holding land tax, insurance, structural maintenance and repairs (including fuel tanks).
+ Viva Energy Limited (ASX: VEA): Blue-chip $4.6 billion ASX200 company & Shell's Australian licensee with FY22 net profit up 211%.**
+ Strong and certain rental growth with annual, fixed compounding 3% increases.
+ Substantial depreciation benefits on offer, with $329,000 (120%*) of the current years rent potentially tax free!
+ Favourable Commercial 1 Zoning (C1Z), with strong future development potential (STCA).
+ High-profile freehold corner site with direct frontage to Main Street (Princes Highway), the major Bairnsdale arterial road servicing over 22,000 vehicles daily.***
+ Prime CBD location, adjoining brand-new Dan Murphy's and within 800m* of Coles, Woolworths, ALDI, Kmart, Spotlight, Harvey Norman, Autobarn, Bridgestone, Supercheap Auto, McDonald's and KFC.
+ Surrounded by important social infrastructure, including Bairnsdale Regional Health Services, Bairnsdale Station and 8 schools within 3km servicing over 3,500 full time students. ***
+ Bairnsdale: the commercial centre for the East Gippsland region and gateway to the Gippsland Lakes, Snowy River National Park, and Mount Hotham Snow Fields.
+ Bairnsdale: median house price growth of 34% in the last 24 months**** with the population forecast to grow 24% by 2041. *****
+ Potential 50% stamp duty savings.
+ Estimated Net Rent: $274,590 pa* + GST
To be sold via Expressions of Interest
Closing Thursday 17th August 2023
4:00pm AEST
*Approximately
**Viva Energy
***GapMaps
*******
*****Forecast.id
Property History for 255 Main St, Bairnsdale, VIC 3875
- 28 Jun 2023Listed for Sale Price on Request
- 27 Apr 2022Transferred
Recent sales nearby
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0About Bairnsdale 3875
The size of Bairnsdale is approximately 66.4 square kilometres. It has 15 parks covering nearly 9.2% of total area. The population of Bairnsdale in 2016 was 7580 people. By 2021 the population was 7905 showing a population growth of 4.3% in the area during that time. The predominant age group in Bairnsdale is 60-69 years. Households in Bairnsdale are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Bairnsdale work in a labourer occupation.In 2021, 62.90% of the homes in Bairnsdale were owner-occupied compared with 60.80% in 2016.
Bairnsdale has 6,015 properties. Over the last 5 years, Houses in Bairnsdale have seen a 50.90% increase in median value, while Units have seen a 51.80% increase. As at 31 December 2025:
- The median value for Houses in Bairnsdale is $465,933 while the median value for Units is $361,566.
- Houses have a median rent of $470 while Units have a median rent of $370.
Suburb Insights for Bairnsdale 3875
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