SOLD
Sold on 05 Mar 2024 for $2,500,000

81-87 Great Ocean Road
Apollo Bay VIC 3233

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 2m2
Land area: 888m2
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Property Details for 81-87 Great Ocean Rd, Apollo Bay

Building Type
Commercial
Floor Size
2m2
Land Size
888m2
Local Government
Colac Otway
Lot/Plan
2/PS312413

Last Listing description (November 2023)

Located midway along the majestic Great Ocean Road, in the shelter of Cape Otway, on the southern slopes of the Otway ranges. Valleys just a few kilometres out of town are full of rainforest, streams & waterfalls. The hills are occupied by artists, holiday makers and beach lovers. Life is an adventure in Apollo Bay with protected bays to swim, multiple Great Otway National Park trails.

Business turning $1.6 Million Per Annum including lucrative Tattslotto with an additional $150,000 plus worth or current stock.
Tenants willing to sign $100,000 Per Annum Short or Long Term Lease for the business.

Rare beachfront location, central location, walking distance to local restaurants & shopping district.
Reputation as a busy tourist's destination within the Great Ocean Road .
Home at the rear can be used as a 1-2 bedroom permanent residence with 2 bathrooms, kitchen & lounge, split system Daikin air conditioners, recently renovated, infrared Sauna (two person) permanent leasing, holiday leasing or bed & breakfast. (& much more)
Powered workshop, external powered storage sheds x2, 4 terminal in the business, 2 offices, multiply storage rooms to hold inventory, kitchenette, high ceilings, backup generator, rear & side access, remote roller door double carports (& much more)
Otway National Park located only 20 minutes away.

Don't wait another moment, call, or text Lee Botsios on 0438 533 066 or email lee.botsios@raywhite.com to book your inspection today.

*All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.

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Property History for 81-87 Great Ocean Rd, Apollo Bay, VIC 3233

A timeline of how this property has performed in the market
Last Sold
$2,500,000
05 Mar 2024
  • 05 Mar 2024
    Sold for $2,500,000
  • 31 Jan 2023
    Listed for Sale Price Upon Application
  • 16 Jul 2017
    Listed for Sale $2.1m
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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 2,638 properties. Over the last 5 years, Houses in Apollo Bay have seen a 63.66% increase in median value, while Units have seen a -6.41% decrease. As at 30 September 2024:

  • The median value for Houses in Apollo Bay is $1,026,634 while the median value for Units is $441,642.
  • Houses have a median rent of $500 while Units have a median rent of $500.
There are currently 38 properties listed for sale, and 4 properties listed for rent in Apollo bay on OnTheHouse. According to CoreLogic's data, 53 properties were sold in the past 12 months in Apollo bay.

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