84 Ormond RoadElwood VIC 3184
Property Details for 84 Ormond Rd, Elwood
Last Listing description (December 2025)
EXPRESSION OF INTEREST
The beautifully architect designed modern property by Nixon Tulloch Fortey is fully leased with long term tenant (Bubba Pizza), less than 10-years old and well
maintained, blue-chip freehold building with main Ormond Road frontage and highly sought rear laneway access within the tightly held Elwood Village. With additional possibility to sub-divide (STCA). Offered for the first time since construction.
1 commercial space at the ground floor frontage.
2x 1-bedroom apartments.
3x 2-bedroom townhouses.
A Carshare agreement for the single parking space at the rear of the property.
High-end security with cameras
Less than 10-years old (Excellent depreciation credit available)
C1Z Commercial 1 Zone
INVESTMENT SUMMARY:
Commercial: 84 Ormond Road, Elwood
Total Rent - $61,324.26 p.a. + GST as at 01/08/2023
Tenant : Bubba Pizza
Lease expire 31/07/2030
Further term NIL
3.0 % Fixed Annual Increase
Tenant : Go Get Car Share
Lease expire 09/11/2026
Further term 5+5 years
Residential: 84 Ormond Road, Elwood
Total Rent - $163,096.00 p.a.
Apt. 1 - $2,194.00 p.m. - Lease 12 months fixed term lease expire 05/09/2025
Apt. 2 - $2,368.00 p.m. - Lease 12 months fixed term lease expire 27/03/2026
T/H 3 Vacant - $3,033.00 p.m. appraised rent as at July 2025
T/H 4 - $2,824.00 p.m. - Lease Periodic from 27/10/2023
T/H 5 - $3,172.00 p.m. - Lease 12 months fixed term lease expire 19/11/2025
Property History for 84 Ormond Rd, Elwood, VIC 3184
- 17 Dec 2025Sold for $3,920,000
- 27 Aug 2025Listed for Sale Expression of Interest $3,920,000 - $4,260,000
- 18 Feb 2016Listed for Rent - Price not available
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About Elwood 3184
The size of Elwood is approximately 2.6 square kilometres. It has 14 parks covering nearly 14.0% of 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 10,278 properties. Over the last 5 years, Houses in Elwood have seen a -0.38% decrease in median value, while Units have seen a 3.91% increase. As at 31 March 2026:
- The median value for Houses in Elwood is $2,190,974 while the median value for Units is $709,345.
- Houses have a median rent of $1,070 while Units have a median rent of $590.
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