SOLD
107 & 107A Ormond Road ELWOOD
240m2 (approx.)
SOLD Wed 25 Sep 2019
Best position in Elwood Village!
Closing date Friday 20th September 2019 @ 4pm (unless sold prior)
Securely leased by two outstanding tenants, this exceptional offering presents an exciting commercial opportunity in the very heart of Bayside Elwood. Enjoying a prominent position in the heart of vibrant Ormond Road – and surrounded by popular eateries, bars and boutique retail shops – this is a rare opportunity to acquire a shopfront along with offices, boardroom and outdoor terrace.
Currently returning approximately $100,000 per annum plus GST (+ outgoings) this significant slice of Ormond Road has the potential to reap a terrific return. Extend the existing leases into the future or establish your own business within this substantial space.
On offer is a fabulous shopfront along with partitioned offices and huge boardroom with rear courtyard. A sundrenched rooftop terrace that looks out across Ormond Rd is an invaluable inclusion, as is a kitchenette on the upper level. A security alarm, 3x split system heating/cooling and bathroom facilities are also included.
With an eclectic mix of retail and dining destinations making up the majority of Elwood Village streetscape – along with exquisitely renovated period homes and contemporary showpieces - it remains one of the Melbourne’s most sought-after locations. With the sparkling waters of the bay at one end of the street, and the CBD just 7km away, this is indeed the place to be.
107 Ormond Road
Current rent approx. $55712 per annum plus GST plus outgoings
Area approx. 85sqms
Three-phase power
Grease Trap
107a Ormond Road
Current rent approx. $44,530 per annum plus gst plus outgoings
Area approx. 102sqms downstairs excluding toilets and rear courtyard and upstairs approx. 77sqms excluding balcony
Architectural design
Loads of natural light
Video intercom and security entrance
3 air conditioners plus a gas heater
Overall building size – approx.264sqms
Overall land size - 240 sqms
For all enquiries please contact Mark Pearman 0418 567 036 Hodges Mentone.
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On the radar
ELWOOD - 3184
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