Australasia Investment and Trade Association Inc Australasia Investment and Trade Association Inc

Great Ocean Road Retreat

The Great Ocean Road Retreat development to be established at Peterborough, located near the Iconic Bay of Islands at the western end of Great Ocean Road, will provide resort amenity, quality dining and guest amenities to allow visitors to fully experience the Shipwreck Coast. This region of the Great Ocean Road provides convenient proximity to the many iconic and internationally recognised natural attractions.  However there is a scarcity of quality accommodation and dining options to attract overnight stays. This development seeks to redress this and redefine Peterborough as a destination.  Key target markets include traditional family groups and growing international markets from the eastern hemisphere. The development has been approved, having recently been through Victorian Civil and Administrative Tribunal (see enclosed media reports). Work on the 36-bedroom motel, which includes restaurant, pool and gym, is expected to begin in the next six months. The development has been approved as strata title motel units.  The proponents having researched and developed this concept and negotiated the necessary planning approvals now seek to attract investors to fund the development and provide leaseback management rights to the facility and the restaurant.  In addition a high quality property in Port Campbell is also offered as part of the investment package.  This could be used as required for private and/or commercial purposes.   Project proponents Project proponents Peter and Peta Hunt have established GOR Retreat Peterborough Pty Ltd (ACN 164 949 866) to drive this investment. The project proponents have successfully developed self-contained and other accommodation amenity in neighbouring Port Campbell, comprising investment in the $3.5M to $4M range. Peter has also successfully operated agri-businesses in the region. This project, since inception, has demonstrated evidence of capability of the developers and access to skilled and experienced local professional support, including building relationships with key stakeholders.  The nature and scale of the development that has emerged through this process necessitates external capital to ensure that the project maximises investment potential.   Investment   The total project investment opportunity is AUD $15M.  In addition a quality accommodation asset (already established) in Port Campbell is available at an additional AUD $1.5M.   The project investment incorporates development of Restaurant, bar & reception 36 strata title accommodation units All plant, furnishings & fit-out Car-parking and landscaping Adjoining land purchase for expansion   The project is ready to commence as soon as appropriate investment partners are sought.  Investors will be required...
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