CBRE Melbourne are delighted to present For Sale a landmark freehold opportunity in one of the Mornington Peninsula’s most tightly held and prestigious retail strips. Positioned in the absolute prime of Ocean Beach Road, 111 Ocean Beach Road, Sorrento offers investors, value-add buyers and future owner-occupiers the chance to secure a trophy coastal asset in a highly coveted lifestyle location.

+ An exceptional freehold in the most sought-after pocket of Ocean Beach Road, surrounded by leading national retailers, luxury boutiques, hospitality venues and year-round tourist activity

+ Income with future upside, underpinned by KHRMA Clothing generating an ongoing income of $96,000 + GST per annum plus substantial income potential from residential component

+ Expansive two-level building totalling 218sqm*, including high-exposure ground floor retail and a vacant 3-bedroom apartment on the first floor featuring private balcony

+ Generous Commercial 1 Zone (C1Z) landholding of 219sqm*, providing flexibility for future improvements or repositioning (STCA)

+ Rear access and on-site car parking for 5 vehicles

+ Outstanding long-term fundamentals driven by Sorrento’s reputation as the Mornington Peninsula’s premier coastal destination, benefiting from strong local wealth demographics, booming tourism and extremely limited freehold supply

This is a rare opportunity to secure a prime, income-producing Sorrento freehold with immediate rental return, future occupation potential and significant long-term capital growth prospects.

For further information please contact the exclusive sales and marketing agents at CBRE:

Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au

Alex Brierley
+61 447 974 447
alex.brierley@cbre.com.au

CBRE Asian Services Desk:
Jing Jun (JJ) Heng 王敬君 (中文普通话咨询物业详情)
+61 411 059 116 (手机)
jj.heng@cbre.com (电子邮件)
jheng1206 (微信)

*Denotes Approx.