854 Melbourne RoadSorrento VIC 3943
Property Details for 854 Melbourne Rd, Sorrento
Last Listing description (November 2023)
Unveil the potential of this exceptional commercial freehold property, perfectly positioned in the renowned Ocean Beach Road retail and dining precinct of Sorrento. Offering unparalleled convenience, it stands just a short stroll away from the picturesque Sorrento foreshore, making it an idyllic choice for businesses seeking high visibility and easy access.
Boasting a generous Commercial 1 Zone allotment spanning 857 square meters (approx.), this corner property is a beacon for enterprises with its commanding 79-meter (approx.) total frontage. Opportunities of this caliber are indeed rare in this sought-after area, making it a smart choice for those seeking to tap into the bustling activity and high volume of visitors that frequent this charming seaside destination.
Don't miss this chance to establish or expand your business in a premier location, where prime exposure meets the allure of Sorrento's coastal charm.
For leasing inquiries, contact us today to secure your foothold in this dynamic commercial hotspot.
Property History for 854 Melbourne Rd, Sorrento, VIC 3943
- 10 Nov 2023Listed for Rent - Price not available
- 11 May 2023Listed for Sale Starting from $2,145,000
- 20 Feb 2023Listed for Sale Starting from $2,145,000
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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.
Suburb Insights for Sorrento 3943
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