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10-16 Ocean Beach Road Sorrento, VIC 3943

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10-16 Ocean Beach Road Sorrento, VIC 3943

Shop & Retail
Sold Price

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Land area

750.0m²

Floor area

589.0m²

Property extent

Whole

Tenure type

Tenanted Investment

Sold on

10 Mar 2018

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

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

Mark Wizel

+61 409 809 868

Prentice Real Estate

Max Prentice

+61 419 304 707

Property ID: 502698222Last Updated: 6 May 2018

Agency contacts

CBRE  - Victoria

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CBRE - Victoria

Level 34, 8 Exhibition Street
MELBOURNE, VIC 3000
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Send to:

Bianca Butterworth
CBRE - Victoria
10-16 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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