99 The Terrace Ocean Grove VIC 3226
Property Details for 99 The Terrace, Ocean Grove
99 The Terrace, Ocean Grove is a 15 bedroom, 15 bathroom Unit with 15 parking spaces and was built in 1968. The property has a land size of 812m2 and floor size of 135m2. While the property is not currently for sale or for rent, it was last sold in December 2021.
Last Listing description (February 2022)
This is your chance to secure the freehold to a boutique business with 15 luxury rooms, located in the heart of Ocean Grove, one of the Bellarine Peninsula's most vibrant and scenic towns. This easily run business provides an unprecedented opportunity for a savvy investor. Currently managed by local owners, this business is versatile with little work to do and there is no requirement to live on-site.
- 15 immaculate apartments - no more to spend
- Easy to run boutique business
- Minutes from Ocean Grove Surf Beach
- Outstanding location - 1.5hrs from Melbourne via 2 ferry options or direct road route
- Repeat business with little competition in a sought-after area
- Capitalise on tourism boom in the area
- Versatile unit configuration, catering for a range of clientele
- A short drive from the Great Ocean Road and Otways
- Net Profit Year 3 -$581,142 proj.
- Inspections are by appointment only
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Property History for 99 The Terrace, Ocean Grove, VIC 3226
- 24 Dec 2021Sold for $5,750,000
- 09 Dec 2019Listed for Sale $6,995,000 - $7,600,000
- 31 Mar 2017Sold for $1,100,000
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About Ocean Grove 3226
The size of Ocean Grove is approximately 18.5 square kilometres. It has 22 parks covering nearly 16.5% of total area. The population of Ocean Grove in 2016 was 14165 people. By 2021 the population was 17714 showing a population growth of 25.0% in the area during that time. The predominant age group in Ocean Grove is 60-69 years. Households in Ocean Grove are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ocean Grove work in a professional occupation.In 2021, 78.50% of the homes in Ocean Grove were owner-occupied compared with 76.10% in 2016.
Ocean Grove has 11,887 properties. Over the last 5 years, Houses in Ocean Grove have seen a 24.39% increase in median value, while Units have seen a 31.47% increase. As at 30 November 2025:
- The median value for Houses in Ocean Grove is $1,031,997 while the median value for Units is $816,100.
- Houses have a median rent of $598 while Units have a median rent of $510.
Suburb Insights for Ocean Grove 3226
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