10-16 Ocean Beach Road Sorrento VIC 3943

CBRE Melbourne Strip Retail Investments in conjunction with Prentice Real Estate, present to the market 10-16 Ocean Beach Road, Sorrento for sale via public on-site auction Saturday 10th March 2018 at 12:00pm.

We highlight some key features below:

- 7 year lease (plus 2 x 5 year options) to flagship Country Road store that has dominated trade on the Peninsula, seeing the retailer take on additional storage space to meet year-round customer demand

- A landmark, six-time award winning store that has recently undergone approximately $2million in capital works

- Strong underlying land value (750 sqm*) with future development possibilities given favourable zoning, rear lane access and rare 20 metre* frontage

- Providing an annual income of $279,505^, 100% paid by the highly successful Country Road Clothing Pty Ltd, wholly owned by internationally listed Woolworths Pty Ltd

*Approx
*Approx as at March 2018

For sale via public on-site auction Saturday 10th March 2018 at 12:00pm

CBRE Melbourne Strip Retail Investments

Rorey James
+61 439 400 081

Bianca Butterworth
+61 410 558 126

Mark Wizel
+61 409 809 868

Prentice Real Estate

Max Prentice
+61 419 304 707