OFF MARKET

289 Tankerton Road
French Island VIC 3921

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 6021m2
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Last updated 14 Oct 2024
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Property Details for 289 Tankerton Rd, French Island

289 Tankerton Rd, French Island is a 0 bedroom, 0 bathroom House. The property has a land size of 6021m2. While the property is not currently for sale or for rent, it was last sold in May 2016.

Building Type
House
Land Size
6021m2
Local Government
French-Elizabeth-Sandstone Islands
Lot/Plan
1/LP220049

Last Listing description (April 2023)

A once in a generation opportunity to secure a French Island lifestyle together with the premier income producing commercial property on French Island.
Thriving monopoly tenant with existing use rights for General Store, Licensed Post Office, Authorised News Agency, Packaged Liquor License, Licensed Restaurant/Cafe, Sale of Fuel and Fodder plus tourist accommodation with growth potential (i.e. additional accommodation with water views S.T.G.A.) plus a Telco ground station with recently renewed lease.

3 + 3 + 3 year lease to store operator of long standing with annual CPI reviews after first term currently showing total rental return of approx $77,820.82. net per annum. Land size approx 1.5 acres. Improvements include General store/shop front of approx 60sq metres with adjoining licensed al fresco area of approx 125 sq metres, and adjacent registered commercial kitchen of approx 108 sq metres. Middle building of approx 280 sq metres incorporating main dwelling, a separate second dwelling used for tourist accommodation of approx 63 sq metres, Telecommunications shed, New Electricity plant (French Island is off grid), abundant water storage (including registered bore) and fuel sales, storage infrastructure and lots more. Possession of either of the dwellings on the property negotiable.
Contact Exclusive agent Chris Watt on 0417 588 321 for information memorandum and Phil Bock on 0438 497 715 for inspection.

The business of French Island General Store is not For Sale.

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Property History for 289 Tankerton Rd, French Island, VIC 3921

A timeline of how this property has performed in the market
Last Sold
$290,000
28 May 2016
  • 26 Aug 2022
    Listed for Sale Not Disclosed
  • 28 May 2016
    Sold for $290,000
  • 14 Mar 2002
    Sold for $200,000
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About French Island 3921

The size of French Island is approximately 170.4 square kilometres. It has 1 park covering nearly 70.4% of total area. The population of French Island in 2011 was 116 people. By 2016 the population was 106 showing a population decline of 8.6% in the area during that time. The predominant age group in French Island is 60-69 years. Households in French Island are primarily childless couples and are likely to be repaying $300 - $449 per month on mortgage repayments. In general, people in French Island work in a managers occupation. In 2011, 100% of the homes in French Island were owner-occupied compared with 85.5% in 2016..

French Island has 516 properties. Over the last 5 years, Houses in French Island have seen a 106.85% increase in median value, while Units have seen a 93.88% increase. As at 30 September 2024:

  • The median value for Houses in French Island is $1,135,458 while the median value for Units is $587,888.
There are currently 1 property listed for sale, and no properties listed for rent in French island on OnTheHouse. According to CoreLogic's data, 8 properties were sold in the past 12 months in French island.

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