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1- 21 Ocean Beach Road Sorrento, VIC 3943

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1- 21 Ocean Beach Road Sorrento, VIC 3943

Hotel & Leisure
Sold Price

Contact Agent

Land area

0.45ha (1.11 acres)

Floor area

4482.0m²

Property extent

Whole

Tenure type

Vacant Possession

Sold on

24 Nov 2017

CONTINENTAL HOTEL, ICONIC VICTORIAN LANDMARK & DEVELOPMENT OPPORTUNITY

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

+ 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 via Expressions of Interest closing TUESDAY 5TH DECEMBER 2017 AT 5PM

Open for inspections:

Saturday 25th November at 12.00 - 1.00pm

Saturday 2nd December at 12.00 - 1.00pm

For further information please contact the sales and marketing agents

Sotheby's

Rob Curtain

+61 418 310 870

CBRE

Scott Callow

+61 418 153 606

Scott Orchard

+61 425 760 712

Make Wizel

+61 409 809 868

Chao Zhang

+61 411 625 068

*approx

**REIV

Property ID: 502618602Last Updated: 1 Feb 2018

Agency contacts

CBRE - Victoria

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CBRE - Victoria

Level 34, 8 Exhibition Street
MELBOURNE, VIC 3000

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Peninsula Sotheby's International Realty - SORRENTO

Level 1, Suite 5 119-125 Ocean Beach Road
SORRENTO, VIC 3943
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Send to:

Scott Orchard
CBRE - Victoria
1- 21 Ocean Beach Road Sorrento, VIC 3943

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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