339 Esplanade Lakes Entrance VIC 3909
Property Details for 339 Esplanade, Lakes Entrance
Last Listing description (July 2026)
Positioned on Lakes Entrance's prestigious Esplanade with picturesque water views, this freehold investment property offers exceptional security through its tenancy with the Society of St Vincent de Paul (Victoria), one of Australia's leading national not-for-profit organizations.
The current lease extends to February 2028 with options through to 2037, providing investors with the rare combination of long-term security and a tenant of unquestionable standing. With a national organization of this calibre occupying the property, investors can enjoy genuine peace of mind knowing their asset is in the hands of a tenant with strong financial backing and deep community roots.
The investment fundamentals are equally compelling. Current rental of $25,461.60 per annum plus GST is enhanced by attractive fixed 3% annual increases, delivering predictable income growth without relying on market movements. This locked-in rental escalation combined with the quality of the tenant covenant, creates an investment profile that is increasingly rare in today's market.
The 86 square metre building comprises a reception area, three offices, rear amenities and rear parking accessible via laneway. The practical layout suits professional and community organizations perfectly while the prime Esplanade location ensures the property maintains its prestige and appeal.
For investors seeking a secure long-term investment backed by a quality national tenant in one of Victoria's premier coastal destinations, this opportunity delivers on every measure. Freehold investments with tenants of this calibre rarely come to market, making this a standout addition to any commercial property portfolio.
Property History for 339 Esplanade, Lakes Entrance, VIC 3909
- 06 Mar 2026Sold for $435,000
- 22 Dec 2025Listed for Sale $445,000 + GST (if applicable)
- 23 Aug 2022Listed for Sale $450,000 + GST (if applicable)
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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 4,354 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.
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