For Sale

89 Princes Highway, Lucknow, Vic 3875-Image

89 Princes Highway, Lucknow, Vic 3875

$720,000

Block Of Units

Type

Bedrooms

Bathrooms

1,184 m²

Area

Published on Monday, April 20, 2026 ( See property details for 89 Princes Highway, Lucknow, Vic 3875)

$720,000

View the agent price guide.

Sean Sabell - Real Estate Agent - OBrien Real Estate - Bairnsdale

Sean Sabell Principal - Licensed Estate Agent

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A rare opportunity to acquire a fully tenanted block of four self-contained units in a prime location with strong income potential.

🏡 Property Highlights

Full block of four self-contained units on one title
Immediate income with all units currently tenanted
Strong rental return of approximately $260–$280 per week per unit
Prime location along Princes Highway with excellent accessibility
Well-proportioned, functional layouts appealing to a broad tenant base
Potential for future growth in rental income

✨ Key Features

Built-in Robes
Open-Plan Living
Outdoor Area
Ensuite
Waterfront / Views
Security Screens / Gates
Fly Screens
NBN / High-Speed Ready
Extra Storage (Shed/Linen)
Pet-Friendly

Suburb and Property Insights of Lucknow, VIC 3875

Lucknow is a thriving rural township offering a peaceful lifestyle with convenient access to nearby towns like Bairnsdale. The area boasts essential amenities, including shops and schools, making it ideal for tenants. Its strategic location along Princes Highway ensures excellent connectivity for commuters and investors alike. The community is known for its friendly atmosphere and steady demand for rental properties. With ongoing development and strong market fundamentals, Lucknow presents a promising opportunity for property investors seeking reliable income and growth potential.

Frequently Asked Questions

What is the condition of the units and are there any recent renovations?

The units are well-maintained with functional layouts, and recent updates have been made to ensure they are move-in ready for tenants.

Are there any additional costs or fees associated with the property?

Potential buyers should consider ongoing costs such as property management, maintenance, and council rates, which are typical for investment properties.

What is the current occupancy rate and how long are the units typically leased?

All four units are currently tenanted, supporting a stable income stream, with lease durations averaging around 12 months.

Is there scope for increasing rental income in the future?

Yes, there is potential to increase rental income through minor upgrades or market rent adjustments over time.

What are the zoning and planning regulations affecting this property?

The property is zoned for residential use, with no current restrictions impacting the existing units or potential future development.

What to ask about this property to agent?

Are there any existing easements, covenants, or planning restrictions on the property? Has a recent pest and building inspection been conducted, and are there any issues to be aware of? Are there any upcoming council or community developments in the area that could impact the property? What are the total ongoing costs, including council rates, insurance, and maintenance? Is there any history of flooding or bushfire risk in this location? Are there any strata or body corporate fees applicable to this property? Are there any planned upgrades or repairs needed for the units? What is the history of tenant turnover and rental demand in the area? Are there any restrictions on pets or other tenant conditions? Is the property compliant with all current safety and building regulations?

89 Princes Highway, Lucknow, Vic 3875 - More Details

$720,000

Type: Block Of Units
Bedrooms: 4
Bathrooms: 4
Area: 1,184 m²

Price guide

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89 Princes Highway, Lucknow, Vic 3875 - Point Of Interest

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89 Princes Highway, Lucknow, Vic 3875

$720,000

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