3/31 Esplanade Paynesville VIC 3880
Property Details for 3/31 Esplanade, Paynesville
Last Listing description (September 2026)
An exceptional opportunity to secure a well-located commercial investment in the heart of Paynesville's vibrant Esplanade. Shop 3/31 Esplanade is being offered for sale as a tenanted investment providing immediate income and long-term security in one of Gippsland's most tightly held waterfront commercial locations.
Investment Highlights:
- Net Rental: $20,000 per annum
- Long Lease Profile in Place
- Prime waterfront location
- Secure, set-and-forget investment.
Lease Details:
- Current Term: 1/09/2025 – 31/08/2028
- Further Term: 1/09/2028 – 31/08/2031
- Further Term: 1/09/2031 – 31/08/2034.
With lease security extending through to 2034, this investment offers strong income continuity and peace of mind for the astute investor. Positioned within the popular Esplanade retail strip, the property benefits from consistent pedestrian traffic, tourism exposure and strong local trade year-round.
Commercial investments of this calibre and price point are increasingly difficult to secure in Paynesville's tightly held market.
Property History for 3/31 Esplanade, Paynesville, VIC 3880
- 03 Sep 2026Sold for $280,000
- 12 Mar 2026Listed for Sale $310,000 + GST (if applicable)
- 17 Apr 2025Listed for Sale $275,000 + GST
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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 3,384 properties. Over the last 5 years, Houses in Paynesville have seen a 13.26% increase in median value, while Units have seen a 15.70% increase. As at 30 September 2026:
- The median value for Houses in Paynesville is $602,393 while the median value for Units is $383,449.
- Houses have a median rent of $500 while Units have a median rent of $398.
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