603 Esplanade,
Lakes Entrance, VIC 3909

Hotel, Motel & Leisure

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Map of 603 Esplanade

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BEACHCOMBER HOLIDAY FLATS

Premier location in the heart of Lakes Entrance on the ever popular Esplanade. This fantastic property is so close to all that Lakes Entrance has to offer. Comprising the three bedroom main residence at the front of the property and a further 5 units on the property 2 of which are currently let on a permanent basis.
After consideration of estimated tenanted market rentals for the remaining units and house, the estimated gross yield is 10.6% before completion of works.*
Excellent opportunity to further develop the property or a complete redevelop (S.T.C.A.). Zoned Commercial 1, the total land size of 1,919sqm approx. and has rear access via a laneway.
Inspection by appointment only.

Michael Walstab
Accommodation and Tourism Broker.
* The above information has been furnished by the Vendor of the property. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. All interested parties should make and rely upon their own enquiries in order to determine whether or not this information is in fact accurate.

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Lakes Entrance, 3909 demographic data

The median household income for Lakes Entrance is $866, 38% lower than Regional Victoria's household income of $1,386. Lakes Entrance has an older age profile compared to the rest of Regional Victoria (median age 55 vs 43). Property ownership data shows 27% of property owners in Lakes Entrance have a mortgage.

5,145

Population

$866 per week

Median household income

55 years

Median age

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Most residents

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