382 Main Street, Bairnsdale, VIC 3875 sold on 21 March 2025 | OnTheHouse
 
SOLD
Sold on 21 Mar 2025 for $1,850,000

382 Main Street
Bairnsdale VIC 3875

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1018m2
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Property Details for 382 Main St, Bairnsdale

Building Type
Unknown
Land Size
1018m2
Local Government
East Gippsland
Lot/Plan
1/TP322816

Last Listing description (February 2021)

+ 17 year Triple Net Lease to Evolve Education to 2033
+ Two further five year options to 2043
+ Evolve Education (EVO): leading early learning provider with 127 centres throughout Australia and New Zealand

+ Triple Net Lease: tenant pays all usual outgoings including maintenance (both capital and structural), insurances, rates, management fees and land tax (single holding basis)
+ Annual CPI reviews with ratchet provisions at market reviews, ensuring rental growth
+ Well-maintained child care centre licensed for 45 LDC places
+ Long established and strong trading centre with consistent occupancy of 100% and a wait list for 2022
+ High exposure 1,024 sqm site with 20,000+ vehicles passing daily
+ Strategically positioned within metres of Bairnsdale Primary School, Bairnsdale Town Centre and East Gippsland Regional Hospital
+ Located within Regional Victoria and eligible for 50% stamp duty concession
+ East Gippsland Shire: home to 47,771 people, supporting 16,539 jobs and an annual economic output of $4.948 billion
+ Childcare/Early Education is an essential service and one of Australias most sought-after asset classes, with the Federal Government spending an estimated $8.6 billion on the sector service during the 2019/20 financial year
+ Net Income: $95,640 pa + GST

For Sale by Investment Portfolio Auction
11AM (AEDT) 24 February 2021

Also available for sale within the portfolio:
54-56 Ray Street, Castlemaine VIC
https://bit.ly/2MpFyuk

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Property History for 382 Main St, Bairnsdale, VIC 3875

A timeline of how this property has performed in the market
Last Sold
$1,850,000
21 Mar 2025
  • 21 Mar 2025
    Sold for $1,850,000
  • 24 Feb 2021
    Sold for $1,719,000
  • 27 Jan 2021
    Listed for Sale Price on Request
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About 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 6,018 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.
There are currently 98 properties listed for sale, and 32 properties listed for rent in Bairnsdale on OnTheHouse. According to Cotality's data, 323 properties were sold in the past 12 months in Bairnsdale.

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