Paynesville VIC 3880 19 Mitchell Street
We put you first
For Sale
$1,530,000
Video
First National Real Estate King & Heath - Bairnsdale
CAPTAINS COVE WATERFRONT APARTMENTS - A UNIQUE GIPPSLAND LAKES LIFESTYLE OPPORTUNITY
Management Rights Business & Property for Sale:
Discover an exceptional lifestyle and business opportunity with the sale of management rights and associated management residence and office property at Captains Cove Waterfront Apartments. Perfectly positioned on the absolute waterfront in the heart of the Gippsland Lakes, this well-established accommodation business combines luxury, relaxation and strong returns.

The Business:
Captains Cove Waterfront Apartments is a highly regarded holiday destination, offering guests an idyllic retreat with modern comforts and breathtaking views. The management rights provide the opportunity to oversee a well-run complex of 15 stylish apartments, each designed to enhance the waterfront experience. The business boasts a solid track record, repeat clientele, and a thriving tourism market.

Each of the 15 self-contained apartments that are under management feature a spacious living area, full kitchen and private deck overlooking the tranquil waters. The master bedroom offers a private balcony with stunning water views, ensuring a serene and memorable stay for guests.

Additionally, a long caretaker agreement is in place for the maintenance and repair of the common property, providing an additional income stream for the business.

The Property:
Included in the sale is the owner/manager's 4 bedroom / 2 bathroom recently renovated residence, which also houses the office / Reception, commercial laundry and housekeeping space, private courtyard and jetty, providing a convenient and comfortable base for operations.

Situated in the stunning Gippsland Lakes region, Captains Cove Waterfront Apartments is the ideal lifestyle business. With its prime waterfront location, well-maintained facilities and established reputation, this is a rare opportunity to invest in a successful management rights business and secure a rewarding lifestyle.

For further details, contact us today.
Read More
Inspection Times
Our Team
Get in touch
Commercial Sales & Leasing
Email me
Managing Director
Email me
Our Blog
Latest News
    22 Jul 25 | Buying
    Better returns but tenant care remains crucial
    22 Jul 25 | Buying
    Rate cuts lift confidence, costs still bite
    08 Jul 25 | Buying
    Investment tips to look out for in July
    08 Jul 25 | Home Improvement
    A guide to home must-haves: from Australian favourites to global trends
    08 Jul 25 | Buying
    Your guide for a smarter start to the financial year
    08 Jul 25 | Lifestyle
    Your guide to local, affordable family fun these holidays
    19 Jun 25 | Buying
    Growth eases while opportunity widens for patient buyers
    19 Jun 25 | Buying
    Measured gains temper landlord optimism
    20 May 25 | Lifestyle
    10 tips for cosy winter stays & retreats!
    20 May 25 | Home Improvement
    Winter is here: tips to keep your home warm and energy-efficient
    20 May 25 | Lifestyle
    10 of Australia’s best local events to warm your soul this winter!
    20 May 25 | Selling
    Top tips for sellers this winter