19 Mitchell StreetPaynesville VIC 3880
Property Details for 19 Mitchell St, Paynesville
19 Mitchell St, Paynesville is a 3 bedroom, 0 bathroom House with 1 parking spaces and was built in 2000. The property has a land size of 337m2. While the property is not currently for sale or for rent, it was last sold in October 2025. There are other 3 bedroom House sold in Paynesville in the last 12 months.
Last Listing description (March 2026)
Management Rights - Business & Property for Sale:
Discover an exceptional lifestyle and business opportunity with the sale of management rights and associated management residence, and office property at Captains Cove Waterfront Apartments. Perfectly positioned on the absolute waterfront in the heart of the Gippsland Lakes, this well-established accommodation business combines luxury, relaxation, and strong returns.
The Business:
Each of the 14 self-contained apartments that are under management features spacious living area, full kitchen, and private deck overlooking the tranquil waters. The master bedroom offers private balcony with stunning water views, ensuring a serene and memorable stay for guests.
Additionally, a long caretaker agreement is in place for the maintenance and repair of the common property, providing an additional income stream for the business.
The Property:
Included in the sale is the owner/manager's 4 bedroom / 2 bathroom recently renovated residence, which also houses the office / Reception, commercial laundry and housekeeping space, private courtyard and jetty, providing a convenient and comfortable base for operations.
Situated in the stunning Gippsland Lakes region, Captains Cove Waterfront Apartments is the ideal lifestyle business. With its prime waterfront location, well-maintained facilities and established reputation, this is a rare opportunity to invest in a successful management rights business and secure a rewarding lifestyle.
For further details, contact us today.
Property History for 19 Mitchell St, Paynesville, VIC 3880
- 23 Oct 2025Sold for $700,000
- 21 Mar 2025Listed for Sale $1,495,000
- 11 Oct 2016Listed for Sale Not Disclosed
Recent sales nearby
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0About 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 3,325 properties. Over the last 5 years, Houses in Paynesville have seen a 25.25% increase in median value, while Units have seen a 32.58% increase. As at 31 May 2026:
- The median value for Houses in Paynesville is $601,780 while the median value for Units is $412,682.
- Houses have a median rent of $500 while Units have a median rent of $390.
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