49 Tarraville Road

Port Albert VIC 3971

Enquiry code for this property: 1563 Located in Port Albert, one of Victorias oldest ports, in stunning South Gippsland is this exciting opportunity for a couple or family comprising of a successful business and attached residence. Known for its fishing, both commercial and recreational, and small town lifestyle Port Albert is under three hours east of Melbourne, two hours from Wilsons Promontory National Park and only an hour from both Sale and the Latrobe Valley. With the recent development of a four berth boat ramp and the potential for a major renewable energy development off the coast Port Albert is poised for growth. The Port Albert General Store includes a licensed post office, petrol station, and general store, while the attached residence is a three bedroom, two-bathroom property with ample living space and a second kitchenette. The business includes all of the following: o Licensed Post Office 157 post office boxes No mail run Guaranteed income (currently ~$56,000 P/A) o Petrol Station Three fuel bowsers, all EPA compliant Three underground dual skin fuel tanks (2 x 5,000 litres, 1 x 10,000 litres) Exclusive permit to fuel boats on the Port Albert wharf from Gippsland Ports Oils, lubricants and other accessories 1,000 litre fuel trailer o General Store Groceries, including fresh, frozen, and non-perishable items Wide selection of rods, reels, and other tackle Two bait freezers Packaged take away alcohol licence Two-door display freezer, display fridge, all counters and shelves o Walk in freezer, two walk in fridges, an ice bag freezer and ice making machine o Four bay shed (two bay workshop) and Toyota ute o Infrared security cameras throughout with recorder o Consistent turnover of above $950,000 P/A The three-bedroom residence encompasses o Master with ensuite and walk in robe o Two other bedrooms with built in robes o Large kitchen plus separate kitchenette o Main bathroom o Separate toilet o LPG heating and reverse cycle split system o Large open plan living area o Private, fully-fenced back yard Purchase the freehold, including everything listed, for $640,000 plus SAV (~$65,000), or purchase the leasehold for the business for $220,000 plus SAV (5x5x5) and rent the shop and residence for $300 P/W. Enquiry code for this property: 1563