16/200 Wattle Point RoadForge Creek VIC 3875
Property Details for 16/200 Wattle Point Rd, Forge Creek
Last Listing description (March 2022)
With domestic tourism booming, we are pleased to present this long established tourism business at Wattle Point, on the shores of Lake Victoria on the Gippsland Lakes.
The enterprise is made up of the Management Rights for 19 freehold lodges and the freeholds of the Managers' Residence and Reception building. Also included is the Function Centre building complete with commercial kitchen.
The resort has been established in its current form for over 15 years and has an excellent trading history. The business is currently trading very well, and significant advance bookings are in hand right through until 2022.
An important arm of the business is the Function Centre. The centre is a popular venue for weddings, family reunions, business conferences and conventions. The building has a commercial kitchen which can be used by the owners for catering for groups, or utilised by outside caterers. The premises can seat 80 comfortably, while less formal gatherings of up to 150 people have been catered for. Groups utilising the Function Centre often book out the rest of the resort, so the two arms of the business work together perfectly.
Business income is derived through commissions on lodge bookings, a fixed annual contract for caretaking duties, hiring fees for the Function Centre and catering for functions.
The freehold Managers' Residence is a substantial 4 bedroom home on a 4000 sqm (1 acre) strata titled allotment, featuring an amazing outlook over Lake Victoria, with the foreshore and jetty just 90 metres away. The home has been designed to take maximum advantage of the view, whilst providing privacy for the owners.
The resort has a host of facilities for the use of guests, including a 12 metre heated in-ground pool, tennis court, kayaks, paddle boards, bicycles etc.
Wildlife is plentiful, the whole resort being established in the natural lakeside environment. There is a boat ramp nearby suitable for launching large vessels, and a jetty at the front of the property. The Ninety Mile Beach and the lakeside towns of Paynesville and Lochs Sport are within easy boating distance, while Bairnsdale, Paynesville and Metung are a short drive away.
For a comprehensive information package, please contact the selling agent Warren Meade, on 0412 981 531.
Property History for 16/200 Wattle Point Rd, Forge Creek, VIC 3875
- 28 Jan 2022Sold for $660,000
- 15 Jul 2021Listed for Sale $1,250,000
- 13 Sep 2013Sold for $650,000
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About Forge Creek 3875
The size of Forge Creek is approximately 90.8 square kilometres. It has 2 parks. The population of Forge Creek in 2016 was 276 people. By 2021 the population was 346 showing a population growth of 25.4% in the area during that time. The predominant age group in Forge Creek is 10-19 years. Households in Forge Creek are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Forge Creek work in a professional occupation.In 2021, 90.00% of the homes in Forge Creek were owner-occupied compared with 78.50% in 2016.
Forge Creek has 211 properties. Over the last 5 years, Houses in Forge Creek have seen a 32.11% increase in median value, while Units have seen a 64.44% increase. As at 31 December 2025:
- The median value for Houses in Forge Creek is $925,516 while the median value for Units is $549,414.
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