Situated on the Bass Highway, this is a unique opportunity to purchase a very successful franchise business in the Bass Coast with a large amount of passing traffic to Phillip Island and Wonthaggi. The Mitre 10 Group is one of the largest Australian Home Improvement and Hardware Franchises with a local network of over 400 Mitre 10 and True Value Hardware Stores throughout Australia. Mitre 10 Grantville has been operating as a family business and has established a large and regular clientele of local residence, trades people and holiday makers. The hardware store contains hardware, giftware, electrical, equipment and appliances, paint, plumbing and power tools, outdoor furniture, garden supplies etc. There is a large timber supply area, well fitted out garden supply area, office, store room, toilets etc. The day to day operation of the store is not difficult and would suit a husband and wife team or two families. The purchase price includes a Toyota Hilux Ute, forklift, computer system, key cutting machine, paint mixing machine etc. This business would make an excellent investment or a great way to escape the rat race. Assistance can be supplied to the new owners to make the transition easier.
Property Code: 1543
The size of Grantville is approximately 15.4 square kilometres. It has 1 park. The population of Grantville in 2011 was 738 people. By 2016 the population was 829 showing a population growth of 12.3% in the area during that time. The predominant age group in Grantville is 60-69 years. Households in Grantville are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Grantville work in a managers occupation. In 2011, 71.8% of the homes in Grantville were owner-occupied compared with 72.7% in 2016.
Grantville has 862 properties. Over the last 5 years, Houses in Grantville have seen a 40.01% increase in median value, while Units have seen a 79.16% increase. As at 31 October 2024:
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