Three rescued from stricken Vic boat

Three men have been rescued from a luxury motor boat that ran aground off the Victorian coast.

The 21-metre vessel High Caliber, valued at more than $1 million, struck a reef just inside Port Phillip Heads off Point Nepean on Saturday afternoon.

A Victoria Police spokeswoman said three men were pulled from the vessel by water police. No-one was hurt.

The vessel remains on the rocks and will be salvaged, she said.