Axis Property is proud to present 752-752a North Road, Ormond, an exceptional opportunity located within the vibrant and highly sought-after North Road Shopping Precinct. This prime retail space offers unparalleled visibility along one of Ormond's busiest retail strips, providing excellent exposure to both local foot traffic and passing vehicles.
The property consists of two income streams, making it a versatile investment. The 70 sqm retail unit boasts a generous 5.5m frontage, providing an inviting and well-presented space that includes three treatment rooms and a rear kitchenideal for a wide range of businesses.
At the rear of the retail unit is a secure, spacious one-bedroom apartmentperfect for additional rental income or as a live/work space. The apartment features a large bedroom, a well-appointed bathroom, and a comfortable living area with rear parking. The functional kitchen is flooded with natural light and is equipped with a gas upright stove, while the walk-through living area is complemented by gas heating for added comfort.
The central location of this property offers excellent connectivity to major arterial roads, bus routes to the beach, and convenient access to Monash University. Additionally, being situated within a prestigious blue-chip College Zone, it enhances the appeal for a diverse range of businesses.
Property Highlights:
Land size: 224 sqm
Retail Income: $21,636 p.a (3 x 3 x 3 year lease from 31st Oct 2022, market review on 31st October 2025)
Residence Income: $10,800 p.a (month-to-month)
Total Return: $32,436 p.a
Zoning: Commercial 1
Ideal Uses: Retail shop, residential dwelling, or investment with future development potential (STCA)
This is an outstanding opportunity for those looking for a versatile property with long-term growth potential.
Contact Daniel at 0438 333 666 or Steve at 0477 444 318 for further information or to arrange a viewing.
