107 Ormond RoadElwood VIC 3184
Property Details for 107 Ormond Rd, Elwood
Last Listing description (October 2019)
Closing Date: Friday 20 September 2019 @4pm (unless sold prior)
Securely leased by two outstanding tenants, this exceptional offering presents an exciting commercial opportunity in the very heart of Bayside Elwood. Enjoying a prominent position in the heart of vibrant Ormond Road and surrounded by popular eateries, bars and boutique retail shops this is a rare opportunity to acquire a shopfront along with offices, boardroom and outdoor terrace.
Currently returning approximately $100,000 per annum (plus outgoings) this significant slice of Ormond Road has the potential to reap a terrific return. Extend the existing leases into the future or establish your own business within this substantial space.
With an eclectic mix of retail and dining destinations making up the majority of Elwood Village streetscape along with exquisitely renovated period homes and contemporary showpieces - it remains one of the Melbourne s most sought-after locations. With the sparkling waters of the bay at one end of the street, and the CBD just 7km away, this is indeed the place to be.
107 Ormond Road
Current rent approx. $55712 per annum plus GST plus outgoings
Area approx. 85sqms
Three-phase power
Grease Trap
107a Ormond Road
Current rent approx. $44,530 per annum plus gst plus outgoings
Area approx. 102sqms downstairs excluding toilets and rear courtyard and upstairs approx. 77sqms excluding balcony
Architectural design
Loads of natural light
Video intercom and security entrance
3 air conditioners plus a gas heater
Overall building size approx.264sqms
Overall land size - 240 sqms
For all enquiries please contact Mark Pearman 0418 567 036 Hodges Mentone.
Property History for 107 Ormond Rd, Elwood, VIC 3184
- 26 Sep 2019Sold for $1,920,000
- 05 Sep 2019Listed for Sale Not Disclosed
- 03 Jun 2011Listed for Rent $40,000 / year
Recent sales nearby
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About Elwood 3184
The size of Elwood is approximately 2.6 square kilometres. There are 14 parks, covering nearly 14.0% of the total area. The population of Elwood in 2016 was 15543 people. By 2021 the population was 15153 showing a population decline of 2.5% in the area during that time. The predominant age group in Elwood is 30-39 years. Households in Elwood are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Elwood work in a professional occupation.In 2021, 46.90% of the homes in Elwood were owner-occupied compared with 41.90% in 2016.
Elwood has 10,269 properties. Over the last 5 years, Houses in Elwood have seen a 0.20% increase in median value, while Units have seen a 2.44% increase. As at 30 April 2026:
- The median value for Houses in Elwood is $2,183,934 while the median value for Units is $706,747.
- Houses have a median rent of $1,120 while Units have a median rent of $595.
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