19-21 Great Ocean RoadWye River VIC 3234
Property Details for 19-21 Great Ocean Rd, Wye River
Last Listing description (June 2022)
JLL Hotels & Hospitality Group takes great pleasure in offering for sale the much loved Wye Beach Hotel, Wye River.
Offered to market for the first time in 40 years, the Wye Beach Hotel presents a truly once in a generation opportunity to acquire an iconic coastal hotel located within Victoria's famous Great Ocean Road tourism region.
Key investment highlights include:
* Absolute waterfront location with unrivalled views across Wye Beach and beyond
* Nestled between Lorne and Apollo Bay on the world famous Great Ocean Road touring route, less than 2.5 hours from Melbourne
* Multiple trading zones featuring an extensive front deck with panoramic ocean views
* Recently added, architecturally designed functions & events space with 200-patron capacity
* Includes 'General' 1am liquor licence
* Tangible trading upside by reinstating accommodation facilities with the potential to develop further rooms (STCA)
* Significant 2,211sqm* oceanfront land-bank in the centre of town
* Great Ocean Road tourism region is a thriving visitor economy attracting over 7 million visitors annually
*Approx.
Presented for sale for the first time in 40 years, this is an incredible opportunity to acquire a long-standing coastal icon with an enviable oceanfront location.
Property History for 19-21 Great Ocean Rd, Wye River, VIC 3234
- 26 May 2022Sold for $5,500,000
- 24 Mar 2022Listed for Sale Contact Agent
- 25 Feb 2015Sold
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About Wye River 3234
The size of Wye River is approximately 35.8 square kilometres. It has 3 parks covering nearly 127% of total area. The population of Wye River in 2011 was 234 people. By 2016 the population was 51 showing a population decline of 78.2% in the area during that time. The predominant age group in Wye River is 50-59 years. Households in Wye River are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Wye River work in a labourer occupation. In 2011, 77.4% of the homes in Wye River were owner-occupied compared with 61.5% in 2016.
Wye River has 375 properties. Over the last 5 years, Houses in Wye River have seen a 64.36% increase in median value, while Units have seen a -21.21% decrease. As at 30 September 2024:
- The median value for Houses in Wye River is $1,042,392 while the median value for Units is $392,771.
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