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Vic French Island : Live the Lifestyle of Independent Living All within easy reach of Melbourne

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Price

$660,000

Property Status

Property ID: 2383

Description

Unique opportunity to purchase a Sea change with a guaranteed income. Only shop on the island, no competition from other shops.

No Council Rate, electricity bills, or water rates.

French Island General Store and Cafe situated on French Island, in the heart of Westernport B ay, just a short ferry trip across to the mainland and 10 mins from Hastings or 30 mins from Frankston.

For sale is the freehold general store and residence.

The property is on 1.5 acres with well maintained organic vegetable garden and orchard which supply the store with fresh produce to use in the cafe.

The kitchen, bathroom and laundry has been fully renovated, there is also two bedrooms and a lounge room with a coat and boot (mud room) attached.

There is a two bedroom cottage which is used by the current owners as a bed and breakfast, and provides self catered or fully catered accommodation.

There is also a workshop and ample shedding to suit a tradesperson i.e. mechanic, builder, etc.

There is a primary school on the island. The secondary school children catch the ferry each day and meet the school bus which picks them up from stony point.

This popular general store is the hub of the island and the only store on the island. (no competition from other shops) Our customer base is made up or local residents, tradespeople, and tourists who visit French island primarily to experience the peace and tranquillity, flora and fauna (koalas, echidnas, and potoroos) There is a tour bus operator on French Island, who bring tourists to the store on a regular basis.

The store sells a broad range of groceries, alcohol, bread, milk, King Island Meat, confectionary, icecreams, cigarettes, bait, fishing tackle, ice, automotive products, some plumbing and building hardware, local produce, and souvenirs. Other areas of business are as follows:

Licensed post office
Push bike hire (from store and jetty kiosk which is leased from Parks Vic)
Newsagency
Fishing Licenses
Take-away food and cafe meals
Bed and breakfast, self cater or fully cater stays.
Public telephone cleaning.
Efpos facility and general liquor license (on and off premises)
Elgas shop and 45 kg gas bottle delivery contract
Freight on and off island.
Telstra land lease for telephone exchange at back of property

Break down of business and property: $660,000.00 O.N.O.

Property: General store/post office, cafe, large commercial kitchen, bathroom/laundry and separate toilet, large shed/workshop, bed and breakfast cottage(2 bedrooms full kitchen dining lounge area and bathroom and toilet., private residence (2 bedrooms) generator shed, caravans x 2 (used for wwoofers), 4 x 27,000 water tanks and electric water pump. : Kobota Generator 11.5 KVA, Battery Bank, Selectronic Inverter 5 kva, Westwind 5 kva wind turbine and tower, Vegetable garden, orchard and large chicken shed/run area. $564,000.00

Business:
Goodwill $80,000
Plant and Equipment: $16,000

Items included in plant and equipment, all refrigeration equipment, tables and chairs for cafe, dining table and chairs (8 seater) gourmet wood cooker/heater (in cafe) upright acoustic piano, shelving /counter and pigeon holes in post office/shop, A3 digital printer/photocopier , cash register, 8 burner commercial stove/oven, convection microwave, dishwasher, all stainless steel benches in kitchen, crockery and kitchen appliances, and furniture in bed and breakfast cottage.

A perfect business for a couple wanting a peaceful lifestyle whilst still earning an income, or a young family wanting a lifestyle change. All the hard work in setting up this property has been done for you. All you need to do is come in and run it.

Live the lifestyle. Lovely Beach walks, lots of flora and fauna i.e. koalas and echidnas, great fishing down at the Tankerton Jetty or in Westernport Bay.

There is room to grow this business further, as French Island is becoming more popular with tourists and prospective land owners.

Current owners willing to train new owners and implement changeover with Australia Post and other suppliers.

If you would like to visit our property, we shall provide your transport to the general store and return you back to Tankerton Jetty on your departure.

Section 32 and financials available on request.