41 Lock RoadRhyll VIC 3923
Property Details for 41 Lock Rd, Rhyll
Last Listing description (August 2020)
This Commercial freehold is currently run as a general store/post office (business also for sale) and is complete with a 3-bedroom residence and out buildings, perfect for extra income as a holiday rental, permanent rental or as a residence to run the business from. The current owners have built on the work of previous owners to provide a sustainable and trusted business during their 16 years as owners.
The Rhyll General Store & Post Office is situated in the renowned holiday destination of Rhyll, Phillip island, Victoria. A mecca for fishing enthusiasts and holidaymakers, with cruise ships visiting the village throughout the year and a popular destination known for a great atmosphere with cafes, tavern and marina. The general store acts as a community hub for locals and holidaymakers alike, and is an iconic fixture of the town.
Open 7 days a week from 7am - 7pm the business is divided into three core business units:
- Licensed Post Office
Lucrative part of the business with guaranteed income stream and minimal outgoings. There is 172 fully let private post office boxes with potential to install additional post office boxes. The post office allows customers to utilise electronic postal services for paying bills, recharge mobile phone credit, purchase money orders, bank deposits, withdrawals and more.
- Bottle shop
A major drawcard to the business. Fully licenced with wine display racks, premix drinks in display fridges and a large cool room with an extensive variety of beer and wine. The current owners have built strong relationships with local wine suppliers and distributors.
- General store & Newsagency
Providing groceries, meat, milk, bread, newspapers, magazines, stationary, local produce, take away food, cigarettes, bait, ice and a dry cleaning pickup service etc. There is also the potential for new owners to introduce a caf to the business, with minimal competitors in the town.
A trusted and well-respected business for over 130 years, an exciting opportunity awaits to purchase a very successful business/lifestyle. The motivated owners are offering the opportunity to purchase the freehold and the business.
Property History for 41 Lock Rd, Rhyll, VIC 3923
- 06 Oct 2020Sold for $550,000
- 03 Dec 2016Listed for Sale $230,000
- 16 Jul 2003Sold for $400,000
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0About Rhyll 3923
The size of Rhyll is approximately 16.1 square kilometres. It has 8 parks covering nearly 21.9% of total area. The population of Rhyll in 2011 was 674 people. By 2016 the population was 582 showing a population decline of 13.6% in the area during that time. The predominant age group in Rhyll is 60-69 years. Households in Rhyll are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Rhyll work in a trades occupation. In 2011, 80.9% of the homes in Rhyll were owner-occupied compared with 81.8% in 2016.
Rhyll has 725 properties. Over the last 5 years, Houses in Rhyll have seen a 40.93% increase in median value, while Units have seen a 48.42% increase. As at 31 October 2024:
- The median value for Houses in Rhyll is $789,626 while the median value for Units is $559,092.
- Houses have a median rent of $330.
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