145 Hotham RoadSorrento VIC 3943
Property Details for 145 Hotham Rd, Sorrento
Last Listing description (May 2022)
Any trip to Sorrento and Portsea should take you to this high exposure location, one of the area's most established and popular Cafes - 'Baked in Portsea', a casual and relaxing indoor/outdoor environment welcoming locals, holiday makers and day-trippers on a constant basis. A surprisingly substantial space, suitable for a variety of purposes.
Originally built in the 1970's as an Art Gallery, then later home to some of the most frequented restaurant businesses on the Mornington Peninsula, this substantial building with a total floor area of approx 153 Square Metres excluding outbuildings and outdoor dining areas, is set on a land holding of approximately 868 Square Metres of prime corner, commercial real estate with two visual street frontages.
Currently leased for 12 years and 6 months expiring April 2026, with two further terms of 5 years each.
Renting now at $37,446 plus GST and equalling $3120 per Calendar month plus GST and annual fixed increases at 3%, with a market review at option time.
145 Hotham Road Sorrento is a truly rare offering in our Portsea/Sorrento playground between the Bay and the Ocean and provides the astute investor a fantastic opportunity to secure a rare holding.
Property History for 145 Hotham Rd, Sorrento, VIC 3943
- 01 May 2022Sold for $1,617,500
- 08 Apr 2022Listed for Sale Contact Agent
- 16 Jun 2009Sold for $121,000
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0About Sorrento 3943
The size of Sorrento is approximately 7.0 square kilometres. It has 9 parks covering nearly 32.0% of total area. The population of Sorrento in 2016 was 1592 people. By 2021 the population was 2013 showing a population growth of 26.4% in the area during that time. The predominant age group in Sorrento is 70-79 years. Households in Sorrento are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Sorrento work in a managers occupation.In 2021, 83.70% of the homes in Sorrento were owner-occupied compared with 82.20% in 2016.
Sorrento has 3,709 properties. Over the last 5 years, Houses in Sorrento have seen a 14.12% increase in median value, while Units have seen a -3.90% decrease. As at 31 January 2026:
- The median value for Houses in Sorrento is $1,920,301 while the median value for Units is $834,395.
- Houses have a median rent of $750 while Units have a median rent of $638.
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