Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.
158-174 Princes Highway
Lakes Entrance, VIC 3909
$1,195,000
Overview
158-174 Princes Highway Lakes Entrance VIC 3909
This prime development opportunity is located in the heart of Lakes Entrance, set on an expansive landholding of approximately 17,785 square meters (about 4.39 acres) spread across two titles: Lot 1 measuring 9,084 square meters and Lot 2 measuring 8,737 square meters. The property is zoned General Residential Zone - Schedule 1 (GRZ1), offering exceptional potential for a wide range of development projects, subject to council approval.
The site presents outstanding scope for subdivision into multiple residential allotments or the establishment of a caravan park or lifestyle accommodation, making it a versatile investment for developers and investors alike. Potential dual road access is available via Princes Highway or Gold Ring Road, both subject to approval by Gippsland City Council, providing convenience and flexibility for future planning.
Lakes Entrance is one of Victoria's most sought-after coastal destinations, renowned for its iconic Gippsland Lakes system, which is Australia's largest inland network of waterways. The area is only moments from the ocean and Ninety Mile Beach, attracting both permanent residents and holidaymakers seeking a relaxed coastal lifestyle.
The investment appeal of this property is significant, featuring a large-scale landholding in a prime location that is zoned and suited to residential and lifestyle development. It is situated just minutes from the town centre, beaches, and local amenities, in a region experiencing growing demand for both housing and tourism accommodation.
This is an exceptional opportunity to secure a landmark site in a thriving coastal community with enormous future growth potential. Prospective buyers are encouraged to conduct their own due diligence to confirm zoning rules, council requirements, title restrictions, service availability, site constraints, and financial viability before lodging a subdivision application. Seeking professional advice early will save time and money in the development process.
Overall, this property offers a rare chance to invest in a substantial land parcel in a highly desirable location with multiple development possibilities, making it an attractive proposition for developers, investors, and lifestyle buyers looking to capitalize on the growth and appeal of Lakes Entrance.
Location
Lakes Entrance VIC 3909
Market Insights for Lakes Entrance VIC 3909
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
