Land

600-604 North Road, Ormond

600-604 North Road Ormond, VIC Australia 3204
Asking Price Contact for pricing
Area Size N/A
NOI Net Operating Income
Cap Rate N/A

Key facts

Year Built 2000
Land Area ()
Call for Offers 2022-03-18

Property description

JLL Melbourne Commercial Sales and Gorman Commercial are pleased to present for sale this first-class office building set on a prime corner with the benefit of an approved permit in place.

 

Key details of the opportunity include:

- A triple fronted landholding of 1,412sqm

- An existing retail and office building of 1,500sqm with secure parking for 15 cars

- Extensive combined street frontage of 106 metres

- Approved permit in place for a 6-level project comprising 57 apartments and 4 retail shops

- Positioned in the heart of the premium North Road retail strip and the desired McKinnon School Zone

- Flexible Commercial 1 zoning

- Significant short-term income with enormous rental upside

- Flexible opportunity for investors, owner-occupiers and developers

- An affluent and captive local residential catchment with a median house price of $1,845,000

- A first-class opportunity in one of Melbourne’s most sought-after locations

 

PROUDLY SOLD

 

To obtain further information or to arrange an inspection, please contact the exclusive selling agents.

 

JLL

Nick Peden | 0402 011 266

Jesse Radisich | 0402 085 702

MingXuan Li 李名轩 | 0498 688 998

 

Gorman Commercial

Jonathon McCormack | 0418 835 885

Stephen Gorman | 0418 321 828  

Investment highlights

·        Valuable landholding of 1,412sqm

·        Strong short-term holding income

·        Permit for a 6-level mixed use project

Last Updated Date: 30 Mar 2022

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Last Updated Date: 30 Mar 2022

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