142-146 Ocean Beach Road, Sorrento, VIC 3943

Retail | Hotel/Leisure | Medical

For Sale Contact the Stonebridge Team

  • Property ID: 448509
  • Floor Area: 1547m²
  • Land Area: 841m²
  • Occupancy: Vacant
A Sorrento Trophy With Unmatched Possibilities

Stonebridge Property Group is pleased to present for sale 142-146 Ocean Beach Road, Sorrento.

The key highlights of the opportunity include:

- Substantial 1,547 sqm* freehold comprising 6 high end apartments, 1 luxury 3-bedroom penthouse and multiple retail components

- Unparalleled future value add potential to sell down 11 separate titles

- Flexible lease structures provide potential site access at the future vendors discretion

- 100% leased to Carmel at Sorrento, Monica Art Gallery, Hunter Lab and Moonah CPM

- Trophy location in the heart of one of Australia’s most affluent catchments and booming tourism location

- Ocean Beach Road – anchored by a myriad of national/international retailers and home to the hugely popular Sorrento Hotel and The Continental Hotel hospitality institutions

- 841 sqm* of underlying land bolstered by 14 secure basement car parks, Commercial 1 zoning and dual site access

- Providing annual passing income of $271,000* + GST with potential for significant growth

142-146 Ocean Beach Road, Sorrento is offered for sale via Expressions of Interest closing Thursday 17th October 2024 at 3:00pm (AEDT). To obtain further information or to arrange an inspection, please contact the exclusive selling agents.

Nic Hage
0448 782 594

Rorey James
0439 400 081

Kevin Tong ???
0422 848 818

*Approximately

Property Code: 1074

Sorrento Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices --- $345 ---
Retail --- $967 ---
Industrial --- $208 ---
This is the average advertised price, rent and yield for Sorrento, VIC 3943*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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