292-296 Princes Highway,
Corio, VIC 3214

Hotel, Motel & Leisure

Key property information

Land area

Floor area

Zoning

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Map of 292-296 Princes Highway

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Corio Motel Freehold

Great opportunity for an Investor or Developer to take advantage of a large 25 room Motel perfectly positioned on the Princes Highway. Corio Bay Motel is the first Motel from Melbourne into Geelong and is also the closest motel to Victoria's second largest Airport (Avalon). Located 9 kms from the Geelong CBD

• Long history of strong performing investment
• 25 Room Motel with outstanding exposure to Princes Hwy
• 2 bedroom on site managers residence
• Dining room & kitchen facilities
• 5 year lease from 1 August 2018 with further options
• Current income $159,552.44 + GST + outgoings
• Potential to add further rooms (STCA)
• Dual street access with excellent onsite car parking

Land Size: 2,323m2

Conveniently located minutes from a major shopping centre, popular colleges, schools, and major sporting venues

Corio, 3214 demographic data

The median household income for Corio is $1,152, 17% lower than Regional Victoria's household income of $1,386. Corio has a younger age profile compared to the rest of Regional Victoria (median age 35 vs 43). Property ownership data shows 48% of property owners in Corio have a mortgage.

15,497

Population

$1,152 per week

Median household income

35 years

Median age

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Most residents

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Most households