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Written by Marc Pallisco
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Friday, 18 June 2010 00:20 |
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 WARRNAMBOOL based developer Graeme Schultz can expect to make about $12 million from the sale of a 75-room resort on Victoria’s Great Ocean Road.
The Sebel Deep Blue resort at Warrnambool, about 270 kilometres west of the CBD, will be sold with a lease to Mirvac Hotels.
The 4.5 star resort includes a restaurant, bath house, therapy pool, swimming pool, private bathing rooms and function rooms catering for up to 300 people.
CB Richard Ellis director Scott Callow said Warrnambool is the largest city on the Great Ocean Road. The resort includes eight deluxe suites with a spa and five self contained penthouses.
The waterfront site, with a street address of 16 Pertrobe Road, is in the Shipwreck Coast region, near the Geothermal Bore, both tourist hotspots.
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