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1-5 King Street
Paynesville, VIC 3880

$2,800,000 + GST (if Applicable)

Search Band

$2.8M - $2.94M Transparent Listing

Land 4146 m²

Listed Date: 17th May 2026

Overview

1-5 King Street, Paynesville VIC 3880

This exceptional waterfront development site is located in the heart of Paynesville, offering a rare opportunity for premium canal-side development within one of Victoria's thriving regional waterfront communities. The expansive allotment measures approximately 4,146 square meters and features direct canal frontage with multiple jetty berths included in the sale, providing excellent access for boating enthusiasts.

A Planning Permit has been granted for an 8-lot subdivision under the East Gippsland Shire Council, offering clarity and certainty for future development. The site is zoned Mixed Use Zone (MUZ) under the East Gippsland Shire Council Planning Scheme, allowing for diverse development possibilities.

Key features of this property include:

Mixed Use Zone MUZ designation, supporting a variety of development options.
Planning Permit approved for multi-lot subdivision and creation of common property, facilitating a well-organized development layout.
Level waterfront site with expansive space suitable for various development designs.
Direct canal frontage with multiple jetty berths, enhancing waterfront lifestyle and recreational opportunities.
Proximity to the Slip Road Maritime Precinct redevelopment, adding value and potential for future growth.
Easy access to a nearby public boat ramp, supporting boating and water activities.
Approximately a 10-minute walk to Paynesville town centre, which includes shopping centres, cafes, and foreshore amenities, providing convenience and lifestyle benefits.

With permit approval secured, waterfront positioning, and mixed use zoning, this property represents a unique and valuable opportunity to develop a premium canal-side community in a sought-after location. The site’s strategic location and planning approvals make it ideal for investors or developers looking to capitalize on the growing demand for waterfront living in regional Victoria.

Further documentation and details are available upon request to assist in the evaluation and planning of this development opportunity.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.