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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, Motel & Leisure

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Map of 1- 21 Ocean Beach Road

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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 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

Sorrento, 3943 demographic data

The median household income for Sorrento is $1,658, 13% lower than Greater Melbourne's household income of $1,901. Sorrento has an older age profile compared to the rest of Greater Melbourne (median age 64 vs 37). Property ownership data shows 23% of property owners in Sorrento have a mortgage.

2,013
Population
$1,658 per week
Median household income
64 years
Median age
Owners
Most residents
Families
Most households
03 8621 33...
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1- 21 Ocean Beach Road
Sorrento, VIC 3943
CBRE - Melbourne
Level 34, 8 Exhibition Street
MELBOURNE, VIC 3000

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