154-164 Ocean Beach RoadSorrento VIC 3943
Property Details for 154-164 Ocean Beach Rd, Sorrento
Last Listing description (September 2023)
CBRE Hotels have been appointed as exclusive agents to offer this unique business and leasehold opportunity For Sale via a Deadline Private Sale closing Wednesday 4th September 2019 (Unless sold prior).
A remarkable hospitality opportunity in Australia's most exclusive seaside location!
Over 1/3 acre on the main street of Sorrento.
Business highlights include:
- 1am on premise liquor licence coupled with very attractive rental
- Remaining lease term of 15 years available
- Massive beer garden with rear access
- A newly refurbished limestone building with quality bar, dining, kitchen and amenities
- Brand new bar and cool room recently established
- Large decking areas built last year plus additional grassed outdoor/play area
- Extensive outdoor spaces complemented by a large redline plan
- Multiple directions for the astute operator to guide this business in, think craft beer, wood fired pizzas, food trucks, cafe, all day dining and evening cocktails - the list is endless!
- Available immediately to re-position for Spring and Summer
For more information or to arrange an inspection please contact the below selling agent:
Mathew George
+61 400 663 840
Property History for 154-164 Ocean Beach Rd, Sorrento, VIC 3943
- 28 Oct 2019Listed for Rent - Price not available
- 07 Aug 2019Listed for Rent - Price not available
- 06 Mar 2010Listed for Sale POA
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0About Sorrento 3943
The size of Sorrento is approximately 7.0 square kilometres. There are 9 parks, covering nearly 32.0% of the 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 3,718 properties. Over the last 5 years, Houses in Sorrento have seen a -15.01% decrease in median value, while Units have seen a -14.15% decrease. As at 31 July 2026:
- The median value for Houses in Sorrento is $1,767,749 while the median value for Units is $870,282.
- Houses have a median rent of $750 while Units have a median rent of $638.
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