81 Ormond Road Elwood VIC 3184

CBRE Melbourne are delighted to present for sale a high quality freehold retail investment located in Elwood's tightly held village located at 81 Ormond Road, Elwood

81 Ormond Road, Elwood presents an extremely rare opportunity to acquire a 2-level fully leased and renovated retail building in one of Bayside's most popular retail strips.

81 Ormond Road, Elwood can be summarised by the following points:

+ A rare double storey fully renovated retail building offered to the market fully leased to popular local tenant, 'Brooklyn Cocktail Bar' returning $61,868 per annum with enormous rental upside

+ Spanning 187 square metres* of building area across two levels with high quality hospitality fit out including popular first floor function area, outdoor seating permit, rear courtyard and existing liquor licence

+ Located in one of Melbourne's most tightly held bayside neighbourhood retail strips in Ormond Road and less than 500m* from Elwood Park & Elwood Beach

+ Spanning a 289.43 square metre* Commercial 1 Zoned (C1Z) landholding with opportunity for future activation or extension on the rear of the property

+ Elwood is one of Melbourne's most affluent and desirable bayside suburbs with a median house price of $2,180,000 (***)

81 Ormond Road, Elwood is offered For Sale via Public on-site Auction Wednesday 4th December 2024 at 12:30pm (AEDT)

For further information, or to arrange an inspection please contact the below exclusive sales and marketing agents at CBRE:

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

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

Jing Jun (JJ) Heng ()
+61 411 059 116 ()
jj.heng@cbre.com ()
jheng1206 ()

*Denotes Approx.