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. 

 

*approx.