26-28 Great Ocean RoadMarengo VIC 3233
Property Details for 26-28 Great Ocean Rd, Marengo
Last Listing description (November 2011)
Vendors Motivated to Sell
Asking price $1.1m for the freehold.Motel Marengo is situated on the Southern approach to one of the most popular tourist resorts on the Great Ocean Road, Apollo Bay. With well over 4m visitors to the Great Ocean Road each year, Motel Marengo is well positioned to capture passing business as well as enticing visitors for short term stays. Located only two minutes walk to the Marengo Marine Reserve and the beautiful Marengo beach, Motel Marengo is popular with visitors and the solid business figures reflect this. Motel Marengo is also located at the start of the world famous Great Ocean Walk which is now listed as one of the ten top walks in the world.The Freehold is on offer here for the total price of $1.1m. The Motel Marengo comes with a large three bedroom family home with separate yard and shedding for the owner/manager residence, with views of the ocean, ten refurbished motel style units ranging from twin to queen to family suites, beautifully kept grounds, a salt water swimming pool in an oasis setting. All set on a large block of 2225 sqm approx, there is room for expansion. Architectural plans for an extension to the existing units are drawn and will be included in the sale of the motel.
Property History for 26-28 Great Ocean Rd, Marengo, VIC 3233
- 02 Jul 2018Sold for $1,150,000
- 20 Oct 2011Sold for $815,000
- 15 Oct 2011Listed for Sale $1,100,000
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About Marengo 3233
The size of Marengo is approximately 2.7 square kilometres. It has 3 parks covering nearly 8.1% of total area. The population of Marengo in 2011 was 222 people. By 2016 the population was 229 showing a population growth of 3.2% in the area during that time. The predominant age group in Marengo is 60-69 years. Households in Marengo are primarily childless couples and are likely to be repaying $300 - $449 per month on mortgage repayments. In general, people in Marengo work in a trades occupation. In 2011, 84.4% of the homes in Marengo were owner-occupied compared with 65% in 2016.
Marengo has 357 properties. Over the last 5 years, Houses in Marengo have seen a 48.79% increase in median value, while Units have seen a -9.99% decrease. As at 31 October 2024:
- The median value for Houses in Marengo is $1,147,316 while the median value for Units is $421,124.
- Houses have a median rent of $280.
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