Great Ocean Road resort development site hits the market

A rare opportunity to acquire a premium site earmarked for eco-tourism resort development 6km east of the Twelve Apostles is expected to attract wide-ranging interest.

Listed by Montarosa, the 120-acre site at 79 Old Coach Road Princetown has DA approval for an eco-based tourism development designed by award-winning architects GHD Woodhead, including a 58 key eco-lodge, an eco-activity centre and three food and beverage outlets, seating over 300 patrons.

CBRE’s Scott Callow is managing the sale via an Expressions of Interest campaign.

“The Great Ocean Road and Twelve Apostles are Victoria’s most popular destinations for both domestic and international visitors alike. This development would be the first of its kind in the area, offering world-class tourist accommodation so visitors can extend their stay in the area,” he said.

“This eco-tourism development has been designed to minimise environmental impact and appeal to the eco-conscious traveller. The site is well-sheltered from the prevailing ocean winds allowing visitors to enjoy a range of activities including the Gellibrand River, wetlands, walking tracks and natural flora and fauna in any weather conditions. It’s also easy walking distance to the nearby beach and the Twelve Apostles via the Great Ocean Walk.”

Mr Callow said as well as support from state and federal government and Visit Victoria, the development would also benefit from the significant public and private investment expected as part of the $126 million Twelve Apostles Precinct Redevelopment Plan.

The Expressions of Interest campaign closes 4 December 2024, at 3pm (AEDT).