Stonebridge Property Group is pleased to present for sale 142-146 Ocean Beach Road, Sorrento.
The key highlights of the opportunity include:
- Substantial 1,547 sqm* freehold comprising 6 high end apartments, 1 luxury 3-bedroom penthouse and multiple retail components
- Unparalleled future value add potential to sell down 11 separate titles
- Flexible lease structures provide potential site access at the future vendors discretion
- 100% leased to Carmel at Sorrento, Monica Art Gallery, Hunter Lab and Moonah CPM
- Trophy location in the heart of one of Australia’s most affluent catchments and booming tourism location
- Ocean Beach Road – anchored by a myriad of national/international retailers and home to the hugely popular Sorrento Hotel and The Continental Hotel hospitality institutions
- 841 sqm* of underlying land bolstered by 14 secure basement car parks, Commercial 1 zoning and dual site access
- Providing annual passing income of $271,108* + GST with potential for significant growth
142-146 Ocean Beach Road, Sorrento is offered for sale via Expressions of Interest closing Thursday 17th October 2024 at 3:00pm (AEDT). To obtain further information or to arrange an inspection, please contact the exclusive selling agents.
Nic Hage
0448 782 594
Rorey James
0439 400 081
Kevin Tong ???
0422 848 818
*Approximately
Property Code: 1074