85C Esplanade, Paynesville, VIC 3880 | Property Value & History | OnTheHouse
 
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85C Esplanade
Paynesville VIC 3880

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 154m2
Land area: 141m2
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Property Details for 85c Esplanade, Paynesville

Building Type
Commercial
Floor Size
154m2
Land Size
141m2
Local Government
East Gippsland
Lot/Plan
3/PS332777

Last Listing description (March 2022)

In its picturesque location, directly opposite the famous Raymond Island Ferry, this business stood the test during the pandemic and continues to thrive.
A comfortable 3.5-hour drive from Melbourne, the East Gippsland region has an estimated population of 46, 818 and is experiencing growth as people embrace the sea-change/tree-change lifestyle. Paynesville is a town that is primarily about boating, swimming, fishing, and enjoying the peaceful waters of the Gippsland Lakes.

Well known and sought after, the Paynesville Ferry Cafe is a reliable, established business ready for its next owner.

- Excellent location
- Reliable profits all year round
- Currently operating 5 days per week but operating 7 days during peak season.
- Low rent ($1,879.44 excl GST per month)
- Long lease (5-year option remaining with new lease available)
- Full compliance with food safety and OHS regulations
- Well-equipped and maintained kitchen, prep kitchen, internal cool-room & external freezer

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Property History for 85c Esplanade, Paynesville, VIC 3880

A timeline of how this property has performed in the market
Last Sold
$225,000
11 Mar 2003
  • 29 Nov 2021
    Listed for Sale Under Contract
  • 11 Mar 2003
    Sold for $225,000
  • 01 Sep 1994
    Sold for $100,000
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About Paynesville 3880

The size of Paynesville is approximately 7.0 square kilometres. It has 8 parks covering nearly 3.7% of 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 3,332 properties. Over the last 5 years, Houses in Paynesville have seen a 20.72% increase in median value, while Units have seen a 29.94% increase. As at 31 January 2026:

  • The median value for Houses in Paynesville is $555,621 while the median value for Units is $392,121.
  • Houses have a median rent of $500 while Units have a median rent of $395.
There are currently 98 properties listed for sale, and 9 properties listed for rent in Paynesville on OnTheHouse. According to Cotality's data, 176 properties were sold in the past 12 months in Paynesville.

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© 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.

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