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145 Hotham Road
Sorrento VIC 3943
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Sold on 1 May 2022

145 Hotham Road Sorrento VIC 3943

  • Shop & Retail
  • 153 m²
  • Sold, $1,617,500

A unique commercial investment opportunity at this prominent corner location.

    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.

    AUCTION

    Auction date and time01/05/2022 11:00
    Auction location145 Hotham Road, Sorrento VIC

    Property Highlights

    Date Sold1 May 2022
    Sold Price$1,617,500
    Floor Area153 m²
    Land Area868 m²
    ParkingOn street parking
    Building TypeWhole building
    Property ID2017725571
    Category
    Last updated  2 May 2022
    Map for 145 Hotham Road Sorrento VIC 3943

    Property Highlights

    Date Sold1 May 2022
    Sold Price$1,617,500
    Floor Area153 m²
    Land Area868 m²
    ParkingOn street parking
    Building TypeWhole building
    Property ID2017725571
    Category
    Last updated  2 May 2022
    Level 7, 505 Toorak Road Toorak VIC 3142

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