Multiple Income Streams, this 3 in 1 business features hotel, general store and post office. Situated only 70km out of Melbourne within the Yarra Valley wine district this well established business is now on the market with the current owners retiring after 30 years.
Take this opportunity to take the hotel to a new level, this hidden gem is a real destination, close to Gembrook, Yarra junction, Warburton, Noojee, well worth an inspection.
The size of Powelltown is approximately 50.6 square kilometres. It has 1 park covering nearly 96.6% of total area. The population of Powelltown in 2011 was 203 people. By 2016 the population was 223 showing a population growth of 9.9% in the area during that time. The predominant age group in Powelltown is 10-19 years. Households in Powelltown are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Powelltown work in a labourer occupation. In 2011, 85% of the homes in Powelltown were owner-occupied compared with 85.1% in 2016.
Powelltown has 136 properties. Over the last 5 years, Houses in Powelltown have seen a 43.09% increase in median value, while Units have seen a -6.05% decrease. As at 31 October 2024:
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