1-5 King Street

An exceptional waterfront development opportunity positioned in the heart of Paynesville, this expansive 4,146sqm allotment enjoys direct canal frontage with uninterrupted easterly views across McMillan Strait to Raymond Island. Importantly, a Planning Permit has been granted for an 8 lot subdivision under East Gippsland Shire Council providing clarity and certainty for future development. Key features include: Mixed Use Zone MUZ under the East Gippsland Shire Council Planning Scheme Planning Permit approved for multi lot subdivision and creation of common property Expansive 4,146sqm level waterfront site Direct canal frontage with multiple jetty berths included in the sale Adjoining the Slip Road Maritime Precinct redevelopment Easy access to nearby public boat ramp Approximate 10 minute walk to Paynesville town centre including shopping centre, cafes and foreshore With permit approval secured, waterfront positioning and mixed use zoning, this is a rare opportunity to deliver a premium canal side development within one of Victoria's thriving regional waterfront communities. Contact the team at King & Heath Paynesville for full documentation and further details.