19/203 Esplanade Lakes Entrance VIC 3909
Property Details for 19/203 Esplanade, Lakes Entrance
19/203 Esplanade, Lakes Entrance is a 1 bedroom, 0 bathroom Unit and was built in 1990. The property has a land size of 5508m2. While the property is not currently for sale or for rent, it was last sold in December 2019.
Last Listing description (February 2020)
This excellent freehold accommodation unit high yielding investment is truly unique.
Located within the Bellevue on the Lakes Complex in the tourist destination of Lakes Entrance, this opportunity presents a strong investment opportunity whilst being situated across from the waterways of Lakes Entrance and the iconic Ninety Mile Beach.
Being offered for sale on a extremely attractive Management Rights agreement to a proven and well known national operator accommodation operator being Saltwater Properties Pty Ltd. The Management Rights terms and conditions are:
Initial minimum payment: $9,000 per annum plus GST (if applicable) and outgoings
Initial term of agreement: 10 years
Further terms of agreement: 8 further terms of 5 years each
In addition to the above, there is the potential to earn more than the minimum payment (depending on the books/performance of the unit).
Property History for 19/203 Esplanade, Lakes Entrance, VIC 3909
- 12 Dec 2019Sold for $100,000
- 20 Nov 2017Listed for Sale $100,000 + GST (if applicable)
Recent sales nearby
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0About Lakes Entrance 3909
The size of Lakes Entrance is approximately 28.1 square kilometres. There are 19 parks, covering nearly 17.7% of the total area. The population of Lakes Entrance in 2016 was 4810 people. By 2021 the population was 5145 showing a population growth of 7.0% in the area during that time. The predominant age group in Lakes Entrance is 60-69 years. Households in Lakes Entrance are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Lakes Entrance work in a community and personal service occupation.In 2021, 67.60% of the homes in Lakes Entrance were owner-occupied compared with 65.80% in 2016.
Lakes Entrance has 4,358 properties. Over the last 5 years, Houses in Lakes Entrance have seen a 18.86% increase in median value, while Units have seen a 28.64% increase. As at 31 August 2026:
- The median value for Houses in Lakes Entrance is $570,097 while the median value for Units is $389,419.
- Houses have a median rent of $490 while Units have a median rent of $360.
Suburb Insights for Lakes Entrance 3909
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