211 Ocean Beach RoadSorrento VIC 3943
Property Details for 211 Ocean Beach Rd, Sorrento
211 Ocean Beach Rd, Sorrento is a 1 bedroom, 1 bathroom Unit with 7 parking spaces and was built in 2003. The property has a land size of 2896m2. While the property is not currently for sale or for rent, it was last sold in December 2021.
Last Listing description (April 2020)
EXTENDED SETTLEMENT TERMS AVAILABLE!
Options aplenty with this substantial 33 room aged care facility with current planning permit for substantial expansion to car parking and facilities or alternatively other potential uses that may include retirement apartment living, medical centre, motel, childcare or education facility etc (STCA).
In the heart of Sorrento and surrounded by many of the district's finest homes, this premier residential land holding could also be subdivided to make way for a number of luxury residential homes (STCA).
Secure tenant paying $336,870 pa on lease until August 2022 OR Vacant Possession can be made available earlier by agreement.
Zoning: General Residential Zone 1
Early stage schemes from Ewert Leaf are available on request detailing:
* Aged Care 68 Beds
* Retirement Living 26 Retirement Apartments
Proudly marketed by the team at Peninsula Sothebys International Realty.
Property History for 211 Ocean Beach Rd, Sorrento, VIC 3943
- 03 Dec 2021Sold for $5,125,000
- 27 Feb 2020Listed for Sale FOR PRIVATE SALE
- 29 Jun 2017Sold for $1,875,000
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About Sorrento 3943
The size of Sorrento is approximately 7 square kilometres. It has 9 parks covering nearly 32% of total area. The population of Sorrento in 2011 was 1,447 people. By 2016 the population was 1,596 showing a population growth of 10.3% in the area during that time. The predominant age group in Sorrento is 60-69 years. Households in Sorrento are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Sorrento work in a professional occupation. In 2011, 81.1% of the homes in Sorrento were owner-occupied compared with 82.2% in 2016.
Sorrento has 3,686 properties. Over the last 5 years, Houses in Sorrento have seen a 43.99% increase in median value, while Units have seen a 27.05% increase. As at 31 October 2024:
- The median value for Houses in Sorrento is $1,927,085 while the median value for Units is $1,028,225.
- Houses have a median rent of $725 while Units have a median rent of $638.
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