563 Esplanade Lakes Entrance VIC 3909
Property Details for 563 Esplanade, Lakes Entrance
Last Listing description (June 2026)
Positioned along the highly visible Esplanade strip in the heart of Lakes Entrance, this freehold investment presents a rare opportunity to secure a stable, income-producing asset in a tightly held coastal location.
The property is leased to a well-established bookstore that has been successfully operating since 2009, offering investors the confidence of a long-standing tenant with deep local roots and consistent trade.
The current lease runs through to 28 August 2027, with a further three-year option in place, providing the potential to extend the tenancy through to August 2030. This structure delivers both immediate income security and future flexibility.
- Freehold investment in a sought-after coastal destination
- Established tenant in occupation since 2009
- Secure lease in place until August 2027
- Additional 3-year option to extend through to 2030
Property History for 563 Esplanade, Lakes Entrance, VIC 3909
- 02 Jun 2026Sold for $390,000
- 27 Apr 2026Listed for Sale $390,000 + GST (if applicable)
- 23 Nov 2021Sold for $330,000
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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 4,352 properties. Over the last 5 years, Houses in Lakes Entrance have seen a 27.02% increase in median value, while Units have seen a 38.16% increase. As at 31 July 2026:
- The median value for Houses in Lakes Entrance is $584,598 while the median value for Units is $395,812.
- Houses have a median rent of $480 while Units have a median rent of $360.
Suburb Insights for Lakes Entrance 3909
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