The heritage listed Italianate Victorian limestone building offers prospective buyers the opportunity to acquire a significant 4,482sqm land holding across two titles at 1-21 Ocean Beach Road and 23 Constitutional Hill Road. 

 

CBRE’s Scott Callow, Mark Wizel, Chao Zhang and Scott Orchard, in conjunction with Rob Curtain of Sotheby’s International Realty, have been exclusively appointed to market the site on behalf of owner, Julian Gerner. 

 

The property, which was built in 1875 and embodies the European history of Sorrento, has planning and heritage approvals for refurbishment and new buildings. Once complete it will boast:

The hotel benefits from expansive peninsula views and over 108 metres of dual frontage onto Ocean Beach Road’s retail strong and Constitutional Hill Road, on a gateway corner block. 

 

CBRE Hotels Senior Director Scott Callow said the listing presented an exciting opportunity to purchase one of Victoria’s signature hotels with not to be repeated permit approvals.

 

“The Continental Hotel is undoubtedly one of the most recognisable properties on the Mornington Peninsula. This is a rare opportunity for developers to become the custodian of a historic coastal landmark and to capitalise on the permit approval which allows for a remarkable hotel opportunity and luxury residences,” Mr Callow said. 

 

“Mornington Peninsula continues to grow in popularity with local and overseas tourists and Sorrento has evolved into one of the most thriving centres along the peninsula. Therefore, the property’s strategic position at the gateway of the town’s retail precinct should be a key selling point for investors.”

 

Mr Curtain added: “The plans to undertake a significant mixed-use development, of such quality and scale, will further enhance Sorrento as the prestige capital of the Peninsula.”

 

CBRE Director Scott Orchard said: “The stunning setting and mixed-use nature of the proposed vision coupled with the array of hospitality areas set to embody the best of Melbourne’s bars, function spaces and dining attractions will see this property as one of Victoria’s most exciting social experiences.” 

 

Mr Orchard noted there is also an option for tenant pre-commitment interest for all hospitality and commercial tenancies.

 

Click the below link to view the CBRE listing with EOI details and additional property photography.

 

To discuss the sale phone or email Scott Callow of CBRE Hotels via the below contact details.

 

 

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