79 Ormond Road Elwood VIC 3184

CBRE Melbourne Metropolitan Sales is offering for sale a prized investment & development opportunity, situated in one of Melbourne's most desirable bayside suburbs at 79 Ormond Road, Elwood.

Key details include:

+ Substantial mixed-use complex of 16 residential units and two ground floor shops, providing an opportunity to refurbish, extend or redevelop (STCA)

+ 870sqm* corner landholding with Commercial 1 Zoning, extensive street exposure one of Bayside Melbourne's most well known retail precincts and on-site car parking for each residential unit

+ 15 of the residential units comprise a bedsitter residence with kitchen, lounge and bathroom accommodation in addition to the penthouse apartment commanding a higher weekly rent with views overlooking The Elwood Village

+ The property provides an opportunity to capitalise on Melbourne's surging residential market and substantially increase the rents through value-add enhancement and leasing strategies

+ Positioned within a premier blue ribbon & tightly held residential market, close to prestigious bayside suburbs with median house prices amongst the highest in Melbourne

This highly sought after and seldom found investment is available for sale.

Contact CBRE for more information and to organise an inspection.

Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au

Alex Brierley
+61 447 974 447
alex.brierley@cbre.com.au

David Minty
+61 422 564 199
david.minty@cbre.com.au

Scott Hawthorne
+61 400 861 048
scott.hawthorne@cbre.com.au

CBRE Asian Services Desk:
Jing Jun (JJ) Heng ()
+61 411 059 116 ()
jj.heng@cbre.com ()
jheng1206 ()

*Denotes Approx.