For Sale

13/169 Great Ocean Road, Apollo Bay, Vic 3233

$680,000

Unit

Type

Bedrooms

Bathrooms

Parkings

1,462 m²

Area

Published on Monday, October 26, 2026 ( See property details for 13/169 Great Ocean Road, Apollo Bay, Vic 3233)

$680,000

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Trisha O'Donnell Real Estate Agent

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Trish Goodlet Director

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile, fully furnished dual-occupancy penthouse in Apollo Bay offering stunning views, flexible usage, and strong holiday rental income.

🏡 Property Highlights

Prime top-level penthouse with expansive ocean, harbour, and mountain views
No overriding landlord lease, offering full ownership and usage flexibility
Dual-occupancy design with a self-contained one-bedroom apartment and separate studio
Currently generating high holiday rental returns with flexible management options
Large outdoor terrace (7.8 x 7.8m) perfect for entertaining and enjoying views
Underground parking for two vehicles in a central location

✨ Key Features

Built-in Robes
Laundry Facilities
Reverse-cycle Air Conditioning
Outdoor Area / Balcony
Fully Furnished
Open-Plan Living
Garage / Secure Parking
Waterfront / Views
Ensuite
Low-Maintenance Yard

Suburb and Property Insights of Apollo Bay, VIC 3233

Apollo Bay is a picturesque coastal town renowned for its stunning beaches, vibrant harbour, and scenic mountain backdrop. It offers a relaxed lifestyle with excellent holiday rental opportunities, a lively local community, and easy access to outdoor activities such as surfing, hiking, and boating. The town’s central location makes it ideal for both permanent living and investment, with a range of amenities, cafes, and attractions just moments from the property.

Frequently Asked Questions

Can I live in this property permanently or is it only for holiday rentals?

You have the flexibility to live in the property permanently or use it for holiday letting, as it is not tied to a Lease Management Agreement.

What are the rental income prospects for this property?

The property has achieved total holiday rental revenue of $82,760 in 2025/26 and $90,655 in 2024/25, indicating strong income potential.

Is the property fully furnished and move-in ready?

Yes, the property is fully furnished and ready for immediate occupation or rental.

What parking facilities are available?

Underground parking is available for two cars within the complex.

Are there any restrictions on usage or management of the property?

There are no restrictions related to landlord leases, providing full access and control over the property.

What to ask about this property to agent?

Are there any additional strata or body corporate fees associated with this property? Are there any upcoming or planned developments in the area that could affect the views or value? Is the property compliant with all local building and safety regulations? Are there any easements, zoning restrictions, or covenants affecting the property? Has the property been inspected for any structural or pest issues? Are there any ongoing maintenance or repair costs expected for the property? Is there any history of flooding or bushfire risk in this area? Are there any restrictions on short-term holiday rentals in the complex or local council? What are the terms of the current rental agreements, and are they transferable? Are there any planned changes to the complex or surrounding infrastructure that could impact the property?

13/169 Great Ocean Road, Apollo Bay, Vic 3233 - More Details

$680,000

This prime two-bedroom, two-bathroom penthouse offers buyers a unique dual-occupancy investment opportunity with no overriding landlord lease. This is a rare opportunity within this complex as it is the only one not under a Lease Management Agreement, allowing you the freedom to live in it permanently or holiday let without any restrictions on usage.

Positioned on the top level of ‘Apollo 169’ with expansive ocean, harbour and mountain views, this low-maintenance design with sleek finishes is situated in the heart of town, directly across the road from the beach. The penthouse design includes a one-bedroom fully self-contained apartment with large outdoor terrace plus a separate one-bedroom studio with ensuite. Currently, both are let separately and managed by an independent property group, generating outstanding holiday rental returns.

Both bedrooms feature private balconies, perfect for enjoying the sea breeze, while the large terrace offers sensational views. The additional benefit of this property is the flexibility of utilising the space as a two-bedroom self-contained apartment or separately as a self-contained, one-bedroom with terrace and a separate studio apartment.

Inside, the apartment is designed for comfort and ease of living, with built-in robes, laundry facilities, and reverse-cycle air conditioning. The open-plan kitchen, dining, and living area flowing out to the large terrace is the perfect space for entertaining guests or relaxing with family. There is also underground parking for two cars and the property comes fully furnished.

GOODLIFE HIGHLIGHTS
• Sensational closeup views of Apollo Bay’s main beach and harbour
• Not tied into a Landlord Lease – full access
• Upper-level apartment with huge terrace 7.8 x 7.8m
• Two carparks within the complex
• Modern and low maintenance
• Rented together or separately - two-bedroom apartment or one-bedroom apartment plus one studio
• Total revenue achieved for 25/26: $82,760 24/25: $90,655

Type: Unit
Bedrooms: 2
Bathrooms: 2
Parkings: 2
Area: 1,462 m²
House Size: 93 m²

Price guide

View Statement Of Information

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Map & nearby places — 13/169 Great Ocean Road, Apollo Bay, Vic 3233

Explore 13/169 Great Ocean Road, Apollo Bay, Vic 3233 in 3D

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Costs and returns

Work out what this home could cost you, or earn you, using your own numbers. The calculators run in your browser and keep nothing you type.

School catchments

Government school zones this property is inside, from the outlines we hold. A zone can change, and being in a zone is not a guarantee of a place, so check with the school or the education department.

Apollo Bay P-12 College Zone Government combined school, Prep-12, co-ed
Lake Colac School Zone Government combined school, co-ed

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Trisha O'Donnell

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Trish Goodlet

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13/169 Great Ocean Road, Apollo Bay, Vic 3233

$680,000

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