11 Great Ocean Road, Apollo Bay VIC 3233

Property Details: • Type: House

• Bedrooms: 2 • Bathrooms: 2

Description: Positioned along one of Australia's most renowned coastal destinations, 11 Great Ocean Road, Apollo Bay presents a rare investment and development opportunity just meters from the shoreline. Set on 676m² (approx.), the site has previously been subdivided and offers scope for future re-subdivision or redevelopment (STCA). Currently returning income from two fully self-contained one-bedroom residences, the property provides a reliable holding return while investors explore long-term development, land banking, or value-add strategies. Maximizing a premium position with elevated outlooks across the Great Ocean Road and filtered ocean views, the property blends short-term earning capacity with long-term growth potential. Currently operating successfully as an Airbnb, it provides investors with immediate returns and flexibility to pivot to permanent rental, reconfiguration, or redevelopment. Just a short walk to Apollo Bay's vibrant township, retail, and dining, this property represents one of the few remaining tightly held, income-producing parcels along the iconic Great Ocean Road. Considered: This unique dual-income property comprises two fully self-contained residences on a single title, each thoughtfully designed for comfortable, independent living and strong rental appeal. Residence One Open-plan living/dining, full kitchen, spacious bedroom and bathroom, timber flooring, split-system heating/cooling, private courtyard, and off-street parking. Residence Two Large bedroom and bathroom, bright living/dining, well-appointed kitchen, and off-street parking. Both residences are functional, well-maintained, and tenanted via short-stay accommodation underpinning strong cash flow potential while investors and developers assess next steps. Close By Facilities: Just footsteps from Apollo Bay Beach and moments from the township's retail and hospitality hub, the property is surrounded by established amenity including golf course (250m), harbour, boutique shops, and the Great Ocean Walk. With continued growth in both domestic and international tourism along the Surf Coast, this location offers strong fundamentals for capital appreciation and rental demand. Ideal For: Astute investors seeking holding income with development upside, developers exploring dual-occupancy or multi-residential projects, or land-bankers looking to secure a rare parcel in a high-demand coastal growth corridor.