99 Ormond RoadElwood VIC 3184
Property Details for 99 Ormond Rd, Elwood
Last Listing description (August 2023)
Savills is delighted to offer for sale this affordable investment opportunity located in the popular Ormond Village retail precinct.
Key attributes of the property include:
Prime retail investment in a highly sought-after busy Elwood strip
Secure lease to "Elwood Flowers" returning $51,638* p.a + GST & outgoings with 9-months security deposit
5 + 5 + 5 year lease commenced 2nd of July 2021
One (1) secure basement car space on title
Prominent Ormond Road location surrounded by an array of renowned national retailers
Conveniently located within walking distance of Elwood Beach & Elsternwick Park, attracting substantial foot traffic
*Approximate
SOLD
For further information please contact:
Tim Grant 0478 666 275
Julian Heatherich - 0412 995 655
Tanya Su 0430 302 950
Property History for 99 Ormond Rd, Elwood, VIC 3184
- 30 Aug 2023Sold for $1,065,000
- 01 Aug 2023Listed for Sale Contact the Melbourne Commercial Experts
- 14 May 2019Sold for $850,000
Recent sales nearby
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0About 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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