Colliers is delighted to present 18-24 Ocean Beach Road, Sorrento, a rare opportunity to secure a trophy bayside free-standing retail investment with diverse income streams in one of Victoria’s most prestigious coastal destinations.
Positioned within Sorrento’s tightly held retail and lifestyle strip, the property enjoys exceptional exposure, high volumes of year-round pedestrian and tourist traffic, and proximity to premium amenities including boutique retail, hospitality, and leisure attractions.
Investment Highlights:
• Annual rental return of $412,220* + GST + Outgoings
• Prominent two-level freehold with a total building area of 789 sqm*
• Underpinned by a substantial landholding of 748 sqm*
• Favourable Commercial 1 Zoning, offering flexibility for future improvement
• Trophy Sorrento location with a median house price of $1,700,000*
• Highly visible 20-metre frontage onto Ocean Beach Road, the main thoroughfare
• Situated within a tightly held retail strip, with only five properties transacting on market in the past five years
• Surrounded by premium lifestyle amenities including The Continental Sorrento, Sorrento Hotel, boutique retail, and renowned hospitality venues
• Located in one of Victoria’s most prestigious coastal destinations, benefiting from year-round tourism and strong tenant demand
*Approx
The property will be offered for sale via Public Auction on Sunday the 8th of March at 11am on-site (AEDT).
For further information on this opportunity, please contact the exclusive selling agents from Colliers below.
Alex Browne I +61 418 350 545
Lucas Soccio I +61 421 428 990
Remember to mention you found this property on CommercialReady
Colliers is delighted to present 18-24 Ocean Beach Road, Sorrento, a rare opportunity to secure a trophy bayside free-standing retail investment with diverse income streams in one of Victoria’s most prestigious coastal destinations.
Positioned within Sorrento’s tightly held retail and lifestyle strip, the property enjoys exceptional exposure, high volumes of year-round pedestrian and tourist traffic, and proximity to premium amenities including boutique retail, hospitality, and leisure attractions.
Investment Highlights:
• Annual rental return of $412,220* + GST + Outgoings
• Prominent two-level freehold with a total building area of 789 sqm*
• Underpinned by a substantial landholding of 748 sqm*
• Favourable Commercial 1 Zoning, offering flexibility for future improvement
• Trophy Sorrento location with a median house price of $1,700,000*
• Highly visible 20-metre frontage onto Ocean Beach Road, the main thoroughfare
• Situated within a tightly held retail strip, with only five properties transacting on market in the past five years
• Surrounded by premium lifestyle amenities including The Continental Sorrento, Sorrento Hotel, boutique retail, and renowned hospitality venues
• Located in one of Victoria’s most prestigious coastal destinations, benefiting from year-round tourism and strong tenant demand
*Approx
The property will be offered for sale via Public Auction on Sunday the 8th of March at 11am on-site (AEDT).
For further information on this opportunity, please contact the exclusive selling agents from Colliers below.
Alex Browne I +61 418 350 545
Lucas Soccio I +61 421 428 990
Remember to mention you found this property on CommercialReady
18-24 Ocean Beach Road, Sorrento, VIC, 3943
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