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Posted:
2021-08-04 00:00:00
Original link:
http://www.savills.com.au/_news/newsitem.aspx?intSitePageId=109969&intNewsSitePageId=203170-0&intNewsMonth=8&intNewsYear=2021
Sitting on a prime 992sq m* land parcel with 17.5m* frontage to the famed Ocean Beach Road retail strip, the modern retail freehold of 250sq m* is split across 2 tenancies.
The deal was negotiated by Benson Zhou and Julian Heatherich of Savills Australia who said the local investor is looking to add-value to the property and capitalise on the future growth and upside potential of Sorrento.
“Despite a hit to the tourism trade in Sorrento with covid restrictions and statewide lockdowns, the sentiment for property within the Mornington Peninsula and namely Sorrento remains high” Mr Zhou said.
*Approximate