FOR SALE
$1,150,000

79 Old Port Foreshore Road
Port Albert VIC 3971

Bedrooms: 9
Bathrooms: 3
Car spaces: -
Floor area: 150m2
Land area: 40468.6m2
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"HOOKED INN" COTTAGES" LUCRATIVE SELF CONTAINED ACCOMMODATION | TWO PLUS MANGEMENT WITH OPTION FOR EIGHT MORE (STCA) | PRICE ADJUSTED! NOW $1.150M

HOOKED INN COTTAGES are the inspiration of the current owners who built two beautiful Storybook cottages for weekend and holiday guests in 2008.
They were built to take full advantage of the peaceful surroundings of the partly cleared 10 acre secluded surroundings in Port Albert.
"Kookaburra" cottage is the larger of the two and capable of accommodating 8 guests in comfort, whilst the romantically inspired "Blue Wren" Cottage is perfect for couples.
Quality fittings and furnishings complement the setting. The business has many repeat bookings and has been used to host weddings and special occasions.
The third residence, currently the manager's home has 4 bedrooms. The owners have upgraded the services capability of the grounds in readiness for a potential further eight cottages (STCA).
Gross Income will impress.
The burgeoning holiday area is calling out for more high-quality accommodation with Hooked Inn Cottages being ready for the benefits of further investment if the new owner so desires.
The options are endless to grow the business as demand increases, and in the up-and-coming coastal town of Port Albert, it will!
Recent Federal Government green power energy approvals for energy resources 7 km from "The Port" ensures future demand for accommodation of this type. Year round income will occur There you have it!
A master home with two quality holiday cottages . This is an opportunity for both entrepreneurial and creative buyers to work towards a strong financial future. The choices are all yours to make.
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Property Details for 79 Old Port Foreshore Rd, Port Albert

79 Old Port Foreshore Rd, Port Albert is a 9 bedroom, 3 bathroom House. The property has a land size of 40468.6m2 and floor size of 150m2. The place is currently for sale with Tarra Real Estate.

Building Type
House
Floor Size
150m2
Land Size
40468.6m2

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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 466 properties. Over the last 5 years, Houses in Port Albert have seen a 89.83% increase in median value, while Units have seen a 85.78% increase. As at 31 July 2024:

  • The median value for Houses in Port Albert is $437,580 while the median value for Units is $321,039.
  • Units have a median rent of $195.
There are currently 29 properties listed for sale, and no properties listed for rent in Port albert on OnTheHouse. According to CoreLogic's data, 14 properties were sold in the past 12 months in Port albert.

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Ian Seed
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