451 North Road,
Ormond, VIC 3204

PROPERTY ID: 292

Generous double frontage retail space on busy main road just 50 metres from new Ormond Station, bus stop on doorstep. Includes courtyard with gazebo and garage off laneway. Kitchen, bathroom and dining area downstairs. Upstairs 2 bedroom or 1 bedroom and large living room. Existing tenant has made many improvements such as fresh paint and carpets upstairs, new door and window fittings, floor coverings downstairs, new tap fittings throughout, oven, cooktop and bench, extra toilet with access from courtyard, track lighting in shop area, storage and display platform in windows.

Has been used as art studio/gallery 5 years. Tenant leaving because of ill health and recent death of partner. 2 years left on existing lease with option for another 3 years. Area is growing quickly with planned development of 8 story units including major supermarket, on top of new station. Rents still very reasonable as projected development in early stage.