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1- 21 Ocean Beach Road, Sorrento, Vic 3943

1- 21 Ocean Beach Road, Sorrento, Vic 3943

Hotel/Leisure

  • Sold Contact Agent
  • Fri 24-Nov-17

CONTINENTAL HOTEL, ICONIC VICTORIAN LANDMARK & DEVELOPMENT OPPORTUNITY

  • HOTEL, HOSPITALITY & RESIDENTIAL
  • UNREPEATABLE PLANNING PERMIT
  • POPULAR RETAIL STRIP LOCATION

  • Land Area
  • 0.45ha (1.11 acres) (approx)
  • Floor Area
  • 4,482 m²
  • Tenure Type
  • Vacant Possession
  • Building
  • Whole
  • Last Updated
  • Feb 02, 2018

Interested in this property? Contact an Agent today

CBRE - Victoria

Level 34, 8 Exhibition Street

Melbourne Vic 3000

Scott Callow
Scott Orchard
Peninsula Sotheby's International Realty - SORRENTO

Level 1, 119-125 Ocean Beach Road

Sorrento Vic 3943

CONTINENTAL HOTEL, ICONIC VICTORIAN LANDMARK & DEVELOPMENT OPPORTUNITY

+ 4,482sqm* site over 2 titles. Commercial 1 zoning

+ 38.76m frontage to Ocean Beach Road retail strip and 69.6m to Constitutional Hill Road

+ Iconic landmark in one of the state’s most popular and frequently visited beachside tourism hotspots

+ Stunning historic limestone building with sea views and restaurant, café, bar, function, entertaining balcony. Plus, accommodation rooms, kitchen and amenity areas

+ Large capacity (920 patron) licence, plus late-night licence until 3am

+ Surplus rear land and neighbouring 21 vehicle car park

+ Planning and heritage approval for existing building refurbishment, including public bar and bistro, restaurant and champagne bar and two (2) function rooms

+ Plus 38 room hotel across refurbished building and additional new hotel wing

+ Additional new 5 storey luxury residential apartment building with parking and rooftop terraces

+ Additional new mixed-use building with café, gymnasium, day spa, deck with 25m lap pool and additional amenity

+ Pre-commitment interest with indicative commencement rent of $1,800,000 plus GST and outgoings


For Sale

1- 21 Ocean Beach Road, Sorrento, Vic 3943

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