2A/155-159 Great Ocean RoadApollo Bay VIC 3233
Property Details for 2a/155-159 Great Ocean Rd, Apollo Bay
2a/155-159 Great Ocean Rd, Apollo Bay is a 1 bedroom, 2 bathroom House with 1 parking spaces and was built in 2002. The property has a land size of 145m2 and floor size of 90m2.
Last Listing description (November 2021)
Often sought and seldom found is this rare opportunity to acquire the freehold of a modern Indian restaurant "Masala Bay" located on the world-famous Great Ocean Road in the heart of Apollo Bay. The shop has an area of approx. 104m2 with rear access.
With attractive street appeal, a prominent corner position and carefree indoor/outdoor dining all year round set directly opposite the beach. A quality fit out showcasing class and luxury with a marble bar, commercial kitchen, polished concrete flooring, separate male and female amenities and air-conditioning.
Current lease in place at $35,000 per annum (3+5+5 years) commencing 31st October 2018 with annual CPI reviews. Next market review due 1/11/21 then 5 yearly.
A temperate climate allows for the township and surrounds to be enjoyed all year round.
Set in a world-class location, where the air is fresher, and the stars are brighter the result is a brilliant investment opportunity where the potential for growth is expected to flourish.
Property History for 2a/155-159 Great Ocean Rd, Apollo Bay, VIC 3233
- 11 Jul 2013Listed for Sale $455,000 - $475,000
- 29 Jul 2011Listed for Sale 445000
- 19 Mar 2010Listed for Sale $455,000 - $475,000
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About Apollo Bay 3233
The size of Apollo Bay is approximately 87.1 square kilometres. It has 18 parks covering nearly 52.7% of total area. The population of Apollo Bay in 2011 was 1,094 people. By 2016 the population was 1,618 showing a population growth of 47.9% in the area during that time. The predominant age group in Apollo Bay is 60-69 years. Households in Apollo Bay are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Apollo Bay work in a labourer occupation. In 2011, 55.8% of the homes in Apollo Bay were owner-occupied compared with 64.5% in 2016.
Apollo Bay has 2,641 properties. Over the last 5 years, Houses in Apollo Bay have seen a 62.79% increase in median value, while Units have seen a 0.74% increase. As at 31 October 2024:
- The median value for Houses in Apollo Bay is $1,036,333 while the median value for Units is $473,618.
- Houses have a median rent of $500 while Units have a median rent of $500.
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