1/31 Esplanade Paynesville VIC 3880
Property Details for 1/31 Esplanade, Paynesville
Last Listing description (August 2026)
This outstanding retail freehold presents a rare opportunity to secure a waterfront investment in the heart of Paynesville the boating capital of Victoria.
Underpinned by a secure lease to a popular and well-established caf, this investment offers genuine income certainty with a current lease running through to August 2028, with further options extending to 2031. The rent of $24,088.59 per annum plus GST provides a solid foundation for the astute investor seeking a low-maintenance asset in a highly sought-after lifestyle location.
Thoughtfully designed and superbly positioned, the tenancy features a well-appointed floor plan that maximises the stunning outlook over the iconic Gippsland Lakes. The fitout includes a generous commercial kitchen, making it ideally suited to the caf and hospitality sector, along with a coveted north-facing outdoor area that enjoys natural light throughout the day. The property benefits from exceptional exposure, directly onto the Ritchies IGA supermarket one of Paynesville's busiest retail anchors ensuring a constant flow of foot traffic and strong ongoing trade for the tenant.
________________________________________
For further information or to arrange an inspection, please contact the selling agent.
Property History for 1/31 Esplanade, Paynesville, VIC 3880
- 22 Jun 2026Sold for $385,000
- 21 Apr 2026Listed for Sale $385,000 + GST (if applicable)
- 01 Apr 2021Listed for Rent $21,000 / year
Recent sales nearby
See more recent sales nearby/assets/perm/hqu4ucl7kyi63daj74r64p2eiq?signature=cf72ca591f6a242d8a626bab9bfe268a88f6bd94e4952be4586a962af0a6af10){kind=logo}
0
Similar properties For Sale nearby
See more properties for sale nearby
0
0
0Similar properties For Rent nearby
See more properties for rent nearby
0
0
0
About Paynesville 3880
The size of Paynesville is approximately 7.0 square kilometres. There are 8 parks, covering nearly 3.7% of the total area. The population of Paynesville in 2016 was 3480 people. By 2021 the population was 3636 showing a population growth of 4.5% in the area during that time. The predominant age group in Paynesville is 70-79 years. Households in Paynesville are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Paynesville work in a professional occupation.In 2021, 76.30% of the homes in Paynesville were owner-occupied compared with 71.50% in 2016.
Paynesville has 3,321 properties. Over the last 5 years, Houses in Paynesville have seen a 18.61% increase in median value, while Units have seen a 23.12% increase. As at 31 July 2026:
- The median value for Houses in Paynesville is $600,614 while the median value for Units is $391,369.
- Houses have a median rent of $500 while Units have a median rent of $390.
Suburb Insights for Paynesville 3880
Market Insights
Paynesville Trends for Houses
N/A
N/A
View TrendN/A
N/A
Paynesville Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.
While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
