125 - 127 Great Ocean Road, Apollo Bay, Vic 3233

DUAL-TENANTED INVESTMENT RETURNING $153,146 PER ANNUM

SUBSTANTIAL 1,053m2 LANDHOLDING IN PRIME COASTAL LOCATION

Geelong Commercial Real Estate is pleased to present 125–127 Great Ocean Road, Apollo Bay, an outstanding opportunity to acquire a substantial, income-producing commercial freehold in the heart of one of Victoria's most recognised coastal tourism destinations.

Positioned along Apollo Bay's established retail and hospitality strip, directly opposite the picturesque foreshore, this prominent commercial property combines two established hospitality tenancies, long-term lease security and a substantial Commercial 1 Zoned landholding.

INVESTMENT HIGHLIGHTS

- $153,146 per annum + GST + OUTGOINGS in combined rental income across two established tenancies.

- Two renewed five-year leases, both extending through to 2031, with two further five-year options attached to each tenancy.

- Established ground-floor bakery and retail operation, leased to Apollo Bay Bakery Pty Ltd, returning $92,742 per annum + GST + OUTGOINGS.

- Upper-level restaurant and hospitality tenancy, returning $60,404 per annum + GST + OUTGOINGS, featuring an attractive dining environment with coastal views.

- Substantial 1,054m2 landholding with approximately 11.7 metres of frontage to Great Ocean Road.

- Extensive commercial kitchen and bakery production facilities, complemented by substantial storage, preparation areas and associated amenities.

- Prominent coastal position opposite Apollo Bay's beachfront, within the town's established retail, dining and tourism precinct.

- Rear vehicle access via Pascoe Street, with on-site parking and associated service areas.

- Commercial 1 Zone (C1Z) with Design and Development Overlay and Parking Overlay controls.

- Future refurbishment, repositioning or further site utilisation potential, subject to existing leases and relevant statutory approvals.

ESTABLISHED INCOME WITH LONG-TERM INVESTMENT APPEAL

The property is offered subject to two recently renewed leases, providing purchasers with an established rental income stream across separate commercial occupancies.

The ground-floor tenancy accommodates the well-known Apollo Bay Bakery operation, supported by substantial food-production infrastructure and retail frontage to Great Ocean Road.

The upper-level tenancy comprises an established restaurant and hospitality premises, featuring an inviting dining environment with outlooks towards Apollo Bay's spectacular coastline.

Both tenancies have renewed five-year terms extending to 2031, with further options available under their respective lease agreements.

APOLLO BAY – A MAJOR TOURISM DESTINATION

Located along one of Australia's most celebrated coastal touring routes, Apollo Bay is a prominent tourism destination attracting domestic and international visitors year-round.

The broader Great Ocean Road region attracted approximately 5.6 million visitors, generating $2 billion in tourism expenditure in 2024. Apollo Bay's permanent population of approximately 1,800 swells to more than 15,000 during peak summer periods, highlighting the significance of its seasonal visitor economy.

Positioned directly opposite the beachfront, the property benefits from proximity to established tourist attractions, retail businesses and hospitality operators within this recognised coastal destination.

SUBSTANTIAL COMMERCIAL LANDHOLDING

Beyond the existing improvements, the property occupies approximately 1,054m2 of Commercial 1 Zoned land, extending from its prominent Great Ocean Road frontage towards Pascoe Street.

The combination of established improvements, substantial underlying land and a central commercial position presents investors with the opportunity to secure an income-producing asset while considering longer-term property improvements and alternative utilisation opportunities, subject to the existing leases and all necessary approvals.

FOR SALE BY EXPRESSIONS OF INTEREST

CLOSING WEDNESDAY, 2 DECEMBER 2026 AT 4:00PM AEDT

Interested purchasers are invited to request the comprehensive Information Memorandum, Contract of Sale, Vendor's Statement and Expression of Interest submission documentation.

All submissions are to be made using Geelong Commercial Real Estate's prescribed EOI Submission Form.


**All areas and measurements are approximate. Rental figures are based on the supplied lease renewal documentation. The property is offered subject to existing leases. Prospective purchasers should undertake their own due diligence regarding property particulars, rental income, planning controls and future uses.**