70-74 Mountjoy Parade, Lorne

70-74 Mountjoy Parade Lorne, VIC Australia 3232
Asking Price Contact for pricing
NOI Net Operating Income N/A
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Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Key Facts

Building Area
Land Area ()

Property Description

Shell Lorne is superbly located in the main street of Lorne, one of Victoria’s premier tourist hot spots and a thriving coastal township which is less than 2 hours’ drive from Melbourne and only 65 kilometres from Geelong (Victoria’s largest regional centre).

Lorne is accessed via the Great Ocean Road which is one of the world's most scenic coastal touring routes and offers a unique setting with a magnificent beach against a backdrop of the majestic rainforest of the Great Otway National Park. With its temperate climate, fine food, vibrant cafe culture, day spas, galleries and nearby local wineries, it is no wonder that Lorne is recognised as one of Australia’s top all season resort towns.

The tightly held township has strongly benefitted from the pandemic with the median house pricing rising 24.9% over the previous 12 months to $1.485 million. 

Investment Highlights

  • Only service station within a 28km radius ensuring ongoing tenant performance
  • Located within the heart of Mountjoy Parade directly opposite Lorne Surf Beach
  • Last large commercial site in Lorne, with medium to long-term development upside
  • High-Profile corner 1,160sqm allotment, with 80.56 metres of return frontage
  • Secured by long-term tenant until 2025, with a further 6-year option
  • Situated on the Great Ocean Road, one of Victoria’s top tourist attractions

For Sale by Expressions of Interest closing 4.00pm (AEDT) 25th of February 2021

Last Updated Date: 31 Jan 2021
Tom Noonan
Director, Retail Investments
Stuart Taylor
Senior Director - Retail Investments VIC

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Last Updated Date: 31 Jan 2021

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