Property Details

  • Contact Agent
  • Retail
  • 190 sqm
  • 266 sqm
  • 5

Agent Details

George Takis

Director | South East

T 0403 259 559

M 0403 259 559

Email Agent

563A North Road, Ormond

Teska Carson are pleased to offer 563A North Road, Ormond for sale by Expressions of Interest closing on Wednesday 22 May 2024 at 3pm.

Presenting a prominently located two-storey property suited to a diverse range of buyers to occupy, value-add or develop (STCA). Offers large rear land, rear access and newly installed digital signage providing passive income.

The pending redevelopment of Ormond Station by Dealcorp, which proposes to include a ten-storey apartment building along with a supermarket, retail outlets, office space, and food establishments, will result in a complete gentrification of this location

Key features of this offering include the following:

- Frontage: 5.7m* to North Road
- Zoning: Commercial 1
- Land Area: 266sqm*
- Ground floor: open plan shop/office
- First floor: large space that provides flexibility for potential apartment use
- Rear laneway access with 5 on-site car parks*
- Part of North Road Village shopping strip
- Close proximity to Ormond train station (400m)
- Easy access to major arterial roads
- Passive income from digital signage with 10 + 10 year lease
- Ideal shop and dwelling opportunity and/or upside investment with development possibilities (STCA).

For more information or to arrange an inspection please don't hesitate to contact the listing agent.