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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
  • Apr 17, 2018

Interested in this property? Contact an Agent today

CBRE - Victoria

Level 34, 8 Exhibition Street

Melbourne Vic 3000

Rorey James, CBRE  - Victoria
Rorey James
Bianca Butterworth, CBRE  - Victoria
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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