Iconic Anglesea site on the Great Ocean Road primed for new investor

As Anglesea’s population surpasses 3,000 with the transition from holiday makers to full-time residents now seeing the owner occupier rate at about 80 per cent, Anglesea businesses are benefiting from not only a growing customer base, but also increasing staffing opportunities.

So, it’s no wonder investors are taking notice of Colliers’ recent listing in Anglesea that offers a multi-tenanted property with high exposure and future development upside.

The Colliers team are excited to announce the upcoming sale of this unique investment property at 97-101A Great Ocean Road Anglesea that has a price expectation of about $4 million.

The existing tenants include some of Anglesea’s most trusted businesses like Great Ocean Properties, AusPost, Allied Health and the tasty Sawadee Thai.

Colliers agents Ned Tansey, Jonathon Lumsden, and Jackson Carrick are managing the expression of interest campaign.

Colliers Executive Ned Tansey said this is an extremely rare opportunity to secure a multi-tenanted investment along the Surf Coast, and even rarer for it to have direct Great Ocean Road frontage just 1.2km from the beach along the iconic scenic road.

“There has been a lack of multi-tenanted investment opportunities coming to the market for sale along the Surf Coast, and we are anticipating this will be a sought-after asset for investors and developers alike.”

The property sits on an 871 sqm land area and comprises a 418 sqm building with four fully occupied ground-floor retail tenancies and a vacant one-bedroom first-floor residential apartment, offering potential rental upside.

The property generates a strong annual net income of $177,940 with annual rental increases.

Demolition clauses inserted into the leases provide fantastic development upside subject to council approval.

Nestled along Victoria’s iconic Great Ocean Road, Anglesea offers a perfect blend of natural beauty and modern amenities.

This coastal town is renowned for its pristine beaches, rugged cliffs, and scenic walking trails, making it a popular destination for both tourists and residents.

It is located 19 km from Torquay, 29.7km from Lorne, 36km from Geelong, and 112km from Melbourne CBD.

Colliers senior executive Jonathon Lumsden said being situated directly on the famous Great Ocean Road ensured this property receives fantastic exposure from passing traffic to the more than seven million people who visit Great Ocean Road each year.

“This property is also within easy walking distance to Anglesea Beach and is primely located on a thriving retail strip that includes IGA, BWS, and Bendigo Bank.”

97-101A Great Ocean Road, Anglesea is for sale by Expression of Interest closing October 22 at 2pm.