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.