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SOLD

99 Ormond Road, Elwood, VIC, 3184

Properties / Sold / Victoria / Elwood

Tenanted Investment

1. Property Summary

Selling Method

Auction

Selling Details

Contact the Melbourne Commercial Experts

Floor Area

62 m² (*approx)

Property Type

Retail

Sub-type

Mixed Use

Terms

5 + 5 + 5 year lease commenced 2nd of July 2021

Est. Income

$51,638 p/a

Fully Leased

Elwood Flower

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2. Property Highlights

Affordable Entry Level Retail Investment

Prime Elwood Village location
Net rental of $51,638* p.a
5 + 5 + 5 year lease

Savills is delighted to offer for sale this affordable investment opportunity located in the popular Ormond Village retail precinct.

Key attributes of the property include:

• Prime retail investment in a highly sought-after busy Elwood strip

• Secure lease to “Elwood Flowers” returning $51,638* p.a + GST & outgoings with 9-months security deposit

• 5 + 5 + 5 year lease commenced 2nd of July 2021

• One (1) secure basement car space on title

• Prominent Ormond Road location surrounded by an array of renowned national retailers

• Conveniently located within walking distance of Elwood Beach & Elsternwick Park, attracting substantial foot traffic

*Approximate

For Sale by Auction Wednesday 30 August a 12:30pm on-site.

For further information please contact:

Tim Grant – 0478 666 275

Julian Heatherich - 0412 995 655

Tanya Su – 0430 302 950

Remember to mention you found this property on CommercialReady

Property Type

Retail

Sub-type

Mixed Use

Est. Income

$51,638 p/a

Tenant

Elwood Flower

Terms

5 + 5 + 5 year lease commenced 2nd of July 2021

Floor Area

62 m² (*approx)

Selling Method

Auction

Auction Date

30 Aug 2023 12:30PM

Add to calendar

Selling Details

Contact the Melbourne Commercial Experts

2. Property Highlights

Affordable Entry Level Retail Investment

Prime Elwood Village location
Net rental of $51,638* p.a
5 + 5 + 5 year lease

Savills is delighted to offer for sale this affordable investment opportunity located in the popular Ormond Village retail precinct.

Key attributes of the property include:

• Prime retail investment in a highly sought-after busy Elwood strip

• Secure lease to “Elwood Flowers” returning $51,638* p.a + GST & outgoings with 9-months security deposit

• 5 + 5 + 5 year lease commenced 2nd of July 2021

• One (1) secure basement car space on title

• Prominent Ormond Road location surrounded by an array of renowned national retailers

• Conveniently located within walking distance of Elwood Beach & Elsternwick Park, attracting substantial foot traffic

*Approximate

For Sale by Auction Wednesday 30 August a 12:30pm on-site.

For further information please contact:

Tim Grant – 0478 666 275

Julian Heatherich - 0412 995 655

Tanya Su – 0430 302 950

Remember to mention you found this property on CommercialReady

99 Ormond Road, Elwood, VIC, 3184 Elwood

Savills Melbourne

80, Collins Street, Melbourne, Victoria, Australia, 3000

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Tanya Su

+61 *** *** *** show +61 430 302 950

Tim Grant

+61 *** *** *** show +61 478 666 275

Julian Heatherich

+61 *** *** *** show +61 412 995 655

Industrial

Retail

Child/Healthcare

Hotel/Leisure

Offices

Farming

Other

99 Ormond Road, Elwood, VIC, 3184