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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PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry, providing information such as our services and events.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

Last Updated Date: 30 Mar 2022

Do you have any questions?  Visit our FAQ page

The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

Please go to the below link for our commitment to compliance (Japanese only).

https://www.joneslanglasalle.co.jp/ja/compliance-with-laws-and-regulations-and-its-representation

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