FOR SALE
$1,150,000 (Price Adjustment)

65 Tarraville Road
Port Albert VIC 3971

Bedrooms: 5
Bathrooms: 3
Car spaces: 11
Floor area: 230m2
Land area: 1614m2
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Coast Investment Opportunity: Building Wealth with Beachside Business. Future growth awaits.

Calling investors or active families eager to establish a thriving business with a live-in opportunity in the picturesque Port Albert, Gippsland.
Join like-minded entrepreneurs gearing up for imminent growth. The federal and state governments have aligned on building the first large scale clean renewable energy Energy Project known as the "Star of the South.".
This 8–10-billion-dollar project will see 200 large scale wind farms erected in Bass Strait. The effect on Port Albert will be very favourable for business and accommodation in the region. The Yarram airport is also being upgraded in preparation. Savvy investors are moving now in preparation for the build phase.
While Port Albert is also renowned for its weekend influx of avid boaters and the fishing fraternity, the future lies in providing top-notch accommodation, fine dining, and unforgettable experiences in this historically enriched area.
'Gowrie House' offers the most luxurious 5 star accommodation in the region and boasts considerable historical significance.
The property features spacious bedrooms (3-4 plus), a potential self-contained apartment, a well-appointed kitchen with Euro Appliances and Granite benchtops, two new period-style bathrooms, and two charming living areas.
In addition to the main residence, there is a single-bedroom luxury unit at the rear, and a second, larger unit is available to generate additional income.
Gowrie House also features an industrially-sized shed with a high lift door, complete with a gantry. This shed, separate from the accommodation areas of the property, has its own street frontage and a full-sized kitchen and facilities. Lease it separately as there is ample room for guests' vehicles.
Whether you aim to derive business investment, live in a B&B, or own a handsome historic home, Gowrie House offers it all, and now at a further adjusted price!
Projections on gross earnings are available upon inquiry. Find more information here: https://www.stayz.com.au/holiday-rental/p9426594
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Property Details for 65 Tarraville Rd, Port Albert

65 Tarraville Rd, Port Albert is a 5 bedroom, 3 bathroom House with 11 parking spaces. The property has a land size of 1614m2 and floor size of 230m2. The place is currently for sale with Tarra Real Estate.

Building Type
House
Floor Size
230m2
Land Size
1614m2

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About Port Albert 3971

The size of Port Albert is approximately 31.3 square kilometres. It has 2 parks covering nearly 25.9% of total area. The population of Port Albert in 2011 was 248 people. By 2016 the population was 288 showing a population growth of 16.1% in the area during that time. The predominant age group in Port Albert is 60-69 years. Households in Port Albert are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Port Albert work in a professional occupation. In 2011, 65% of the homes in Port Albert were owner-occupied compared with 76.1% in 2016.

Port Albert has 468 properties. Over the last 5 years, Houses in Port Albert have seen a 80.96% increase in median value, while Units have seen a 95.91% increase. As at 30 November 2024:

  • The median value for Houses in Port Albert is $441,705 while the median value for Units is $317,114.
  • Units have a median rent of $190.
There are currently 36 properties listed for sale, and no properties listed for rent in Port albert on OnTheHouse. According to CoreLogic's data, 13 properties were sold in the past 12 months in Port albert.

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Ian Seed
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