600-604 North Road, ORMOND, VIC

Sold Price: $6,210,000
Sold Date: 24/03/2022

Building Area: 1412.00 sqm

HIGH PROFILE ORMOND CORNER OFFICE BUILDING WITH APPROVED PERMIT

Gorman Commercial together with JLL Commercial Sales 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.

Expressions of interest close Thursday 17th March 2022 at 2pm (AEDT).

Key details of the opportunity include:

*A triple fronted landholding of 1,412 sqm approx.
* An existing retail and office building of 1,500 sqm approx. 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
* 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 medium house price of $1,845,000
* A first-class opportunity in one of Melbourne’s most sought-after locations

Positioned in the heart of the premium North Road, Ormond retail strip opposite Ormond Train Station.

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

Gorman Commercial:
Jonathon McCormack – 0418 835 885
Stephen Gorman – 0418 321 828

JLL:
Nick Peden / Jesse Radisich / MingXuan Li