Ormond commercial asset under the hammer

A PRISTINE vacant office and retail premises in a boutique development in the Melbourne suburb of Ormond is heading to auction at 437 North Road.

The asset, that comes with 146sq m* total building area over two levels, has 52sq m* ground floor area and 94sq m* first floor area.

The property is being marketed and sold by Ray White Commercial Oakleigh Sales/Leasing and Operations Manager Ryan Amler, along with Commercial Sales/Leasing Executive Theo Karkanis.

Mr Amler said the asset gave potential buyers great flexibility to either occupy as one or separately, with each having its own entrance.

“This is a fantastic opportunity for an astute purchaser to take advantage of a property that you can occupy or invest in. It would be the perfect addition to a SMSF,” he said.

“The property is on busy North Road in Ormond, which in itself offers great exposure to a high level of passing traffic.

“It also benefits from being within metres of the recently upgraded Ormond train station, and offers an abundance of public transport, which will be invaluable.

“There are kitchen and toilet facilities on each level, comes with an alarm system and CCTV cameras, has six individually controlled heating/cooling zones, and NBN is also available.

“There’s also the added bonus of potential sub-divide, subject to council approval.”

The auction will take place on site on Wednesday 03 July at 11am.

*Approximately.