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10-16 Ocean Beach Road, Sorrento, Vic 3943

10-16 Ocean Beach Road, Sorrento, Vic 3943

Retail

  • Sold Contact Agent
  • Sat 10-Mar-18

THE WAIT IS OVER… FLAGSHIP COUNTRY ROAD SORRENTO BUILDING FOR SALE

  • 7 year lease to Country Road
  • Six-time award winning flagship store
  • Strong underlying 750 sqm* land holding

  • Land Area
  • 750.00 m² (approx)
  • Floor Area
  • 589 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • May 07, 2018

Interested in this property? Contact an Agent today

CBRE - Victoria

Level 34, 8 Exhibition Street

Melbourne Vic 3000

Bianca Butterworth

THE WAIT IS OVER… FLAGSHIP COUNTRY ROAD SORRENTO BUILDING FOR SALE

CBRE Melbourne Strip Retail Investments in conjunction with Prentice Real Estate, present to the market 10-16 Ocean Beach Road, Sorrento for sale via public on-site auction Saturday 10th March 2018 at 12:00pm.

We highlight some key features below:

- 7 year lease (plus 2 x 5 year options) to flagship Country Road store that has dominated trade on the Peninsula, seeing the retailer take on additional storage space to meet year-round customer demand

- A landmark, six-time award winning store that has recently undergone approximately $2million in capital works

- Strong underlying land value (750 sqm*) with future development possibilities given favourable zoning, rear lane access and rare 20 metre* frontage

- Providing an annual income of $279,505^, 100% paid by the highly successful Country Road Clothing Pty Ltd, wholly owned by internationally listed Woolworths Pty Ltd

*Approx
*Approx as at March 2018

For sale via public on-site auction Saturday 10th March 2018 at 12:00pm

CBRE Melbourne Strip Retail Investments

Rorey James
+61 439 400 081

Bianca Butterworth
+61 410 558 126

10-16 Ocean Beach Road, Sorrento, Vic 3943

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