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4 Long Street, Lakes Entrance, VIC 3909, 10 Bedrooms, 5 Bathrooms, Unit

$960,000 - $1,020,000

4 Long Street, Lakes Entrance, VIC 3909

10
5
5
869m2
UnitListed on Thu Jun 20

Lakes Entrance 10 Bedroom Five 2 Bedroom Units Returning $76,440 PA

This commercial property is a lucrative investment opportunity, featuring five two-bedroom units in a prime coastal location.

Details are as follows:

- Residential Zoned building - five two-bedroom units

- Great location only minutes into Lakes Entrance town centre

- 2 x Service Stations within walking distance for convenience

- Return on Your Investment is an impressive 8%, offering a high potential for profit

- Unit Layout: Each unit consists of two bedrooms, providing comfortable living spaces for tenants

- Tenant Situation: Currently occupied

- Growth Potential: Opportunity for long-term appreciation in value due to location, rental income, and stable tenancy

- All units have separate electricity meters

This property presents a compelling investment opportunity with a high return on investment, strategic location, strong rental appeal, and the added benefit of all units being separately metered and occupied by reliable tenants.

Don't miss out on the chance to capitalise on this promising investment.

Note: All units are tenanted therefore require a 48 hour notice of an inspection.

Contact Rachael Newman and arrange your new investment opportunity 03 5155 3133

Location

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Council Data

Design and DevelopmentYes

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Lakes Entrance Secondary College
0.86 km
Secondary
7-12
Government
icsea: 901
Lakes Entrance Primary School
1.22 km
Primary
Prep-6
Government
icsea: 917

Property history

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For developers

lot13
planLP19029
zoneCodeGRZ1
primaryZoneDescriptionGENERAL RESIDENTIAL ZONE - SCHEDULE 1
URLhttps://www.planning.vic.gov.au/

Lakes Entrance surrounding data

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
3/58 Coates Road, Lakes Entrance
0.49 km
2
1
-m2
Year 2024 Month 12 Day 18
-
Council approved
41/86 Golf Links Road, Lakes Entrance
0.30 km
2
1
-m2
Year 2024 Month 09 Day 19
-
Council approved
12 Golf Links Road, Lakes Entrance
0.61 km
3
2
-m2
Year 2024 Month 08 Day 22
-
Council approved
1/64 Roadknight Street, Lakes Entrance
0.62 km
3
1
127m2
Year 2024 Month 08 Day 06
-
Council approved
3/4 Broome Street, Lakes Entrance
0.28 km
3
2
118m2
Year 2024 Month 07 Day 25
-
Council approved

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Ref:31P1319Last update:2024-07-02 06:08:00