OFF MARKET

18 Main Street
Welshpool VIC 3966

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 675m2
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Property Details for 18 Main St, Welshpool

Building Type
Commercial
Land Size
675m2
Local Government
South Gippsland
Lot/Plan
5/LP4756

Last Listing description (July 2022)

Attention all aspiring entrepreneurs! Ever dreamt of being financially independent and running your own business? We have the one for you, already set up and ready to go, just waiting for a savvy investor to take the reins.

This well-established Licensed Cafe and Convenience store is up for sale for only the third time in over 38 years! Current owners have developed this business into one which is renowned and loved throughout the district for its quality food, prime township position, and local catering capability.
This business is the only one of its type in the beautiful town of Welshpool, which backs onto the Great Southern Rail Trail and the stunning surrounds of South Gippsland.

The Gross Profit (GP) and Profit & Loss (P&L) represents excellent value as the current figures are based only on sales during COVID 19 year. The scope for further sales improvement is immeasurable, especially with future population growth expected in the area with the proposed Offshore Windfarm Project in the wings for 2023 and beyond.
The showroom and cafe sit on only 250m2 (approx.) of the 675m2 block. The vacant land which forms part of the site could be used for either extending the business or even living quarters (STCA).
Current owners are wishing to vacate the premises and business on a walk-in walk-out basis.
Included inventory includes modern fixtures and fittings including commercial refrigeration, espresso coffee machine, and a walk-in cool-room and freezer.

Contact the selling Agents at Tarra Real Estate for a complete Financial Non-Disclosure Agreement.

For a Due Diligence Checklist go to: consumer.vic.gov.au/duediligencechecklist

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Property History for 18 Main St, Welshpool, VIC 3966

A timeline of how this property has performed in the market
Last Sold
$230,000
06 Jul 2007
  • 19 Feb 2019
    Listed for Sale $375,000
  • 06 Jul 2007
    Sold for $230,000
  • 01 Sep 1981
    Sold for $59,700
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About Welshpool 3966

The size of Welshpool is approximately 53.9 square kilometres. It has 1 park covering nearly 0.3% of total area. The population of Welshpool in 2011 was 438 people. By 2016 the population was 329 showing a population decline of 24.9% in the area during that time. The predominant age group in Welshpool is 60-69 years. Households in Welshpool are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Welshpool work in a managers occupation. In 2011, 76.5% of the homes in Welshpool were owner-occupied compared with 78.2% in 2016.

Welshpool has 297 properties. Over the last 5 years, Houses in Welshpool have seen a 50.34% increase in median value, while Units have seen a 56.80% increase. As at 30 November 2024:

  • The median value for Houses in Welshpool is $434,023 while the median value for Units is $342,828.
There are currently 6 properties listed for sale, and no properties listed for rent in Welshpool on OnTheHouse. According to CoreLogic's data, 5 properties were sold in the past 12 months in Welshpool.

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