CBRE is proud to present to the market 105-109 Ocean Beach Road, Sorrento VIC, a generational freehold investment in one of Australia’s most prestigious and tightly held coastal retail strips, offered to the market for the first time in almost 40 years.

This opportunity has the following key investment highlights:

+ Once in a lifetime opportunity to acquire a significant freehold retail investment on Sorrento’s tightly held main strip, offered to the market for the first time in nearly 40 years.

+ Two recently renewed leases underpin secure holding income: Thirsty Camel (105) renewed to November 2030 with one Five (5) year option remaining, and Ghanda (107-109) secured to 2030 with no further options.

+ Ghanda: One of Australia’s largest 100% Australian-owned clothing brands, trading from 114 stores nationally, with 485+ employees.

+ Thirsty Camel: A national liquor retail banner trading from 375+ stores across Australia, backed by ASX-listed Metcash (ASX: MTS).

+ Land Rich 628sqm* Commercial 1 Zoned (C1Z) freehold site with rare 18m* frontage on Sorrento’s iconic Ocean Beach Road, complemented by rear laneway access and 10 car parking spaces on-title.

+ Short to medium term upside, with scope to easily reconvert the three existing shops back into three separate tenancies, and even separately title each property as they were prior to the owner consolidating.

+ Double brick construction lends strong structural support for the addition of residential apartments above (STCA), capitalising on Sorrento’s tightly held village character and premium coastal land values.

+ The Portsea/Sorrento catchment is one of Australia’s wealthiest, with residents reporting an average taxable income of $321,988 in FY23/24 (ATO), underscoring the exceptional spending power of the immediate area.

+ Mornington Peninsula Shire: one of Victoria’s premier holiday destinations, renowned for its pristine beaches, world-class wineries, natural hot springs, and charming coastal towns that attract roughly 7.95 million visitors annually and contribute $1.75 billion in direct expenditure.

+ Sorrento remains one of the most tightly held coastal markets in the country, with only three transactions recorded on the strip since March 2022.

+ Net Income: $149,349 pa* + GST.

To be sold via Public On-Site Auction
11:00am (AEST) Saturday 12th September 2026

Please contact the exclusively appointed sales team for more information.

Justin Kramersh
0460 349 605
Justin.Kramersh@cbre.com

Rick Jacobson
0413 830 083
Rick.Jacobson@cbre.com

Nathan Mufale
0421 224 354
Nathan.Mufale@cbre.com

Scott Hawthorne
0400 861 048
Scott.Hawthorne@cbre.com

*Approx