523 North RoadOrmond VIC 3204
Property Details for 523 North Rd, Ormond
Last Listing description (January 2024)
Ray White Commercial Oakleigh is delighted to present 521 North Road Ormond for Lease. Offering excellent central exposure for your business, meters from Ormond Train Station, located in the heart of Ormond's bustling retail hub which includes IGA, Amcal, Subway, restaurants and bars. ThIs exceptional retsail space is suitable for a variety of uses (STCA).
521 North Road, Ormond:
Building area | 115m2*
New air conditioning/heating system
Partitioned back storage area with kitchenette and toilet
Rear access and 3 on-site carparks with security gates
Security system installed
Suitable to a range of uses including retail, office, showroom, art/design studios, hospitality and allied health operators (STCA)
Flexible lease terms on offer
George Kelepouris | 0425 798 677
George Ganavas | 0478 634 562
*All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Landlord or Agent.
Property History for 523 North Rd, Ormond, VIC 3204
- 08 Jun 2023Listed for Rent - Price not available
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0About Ormond 3204
The size of Ormond is approximately 2.1 square kilometres. It has 4 parks covering nearly 5.4% of total area. The population of Ormond in 2016 was 8417 people. By 2021 the population was 8328 showing a population decline of 1.1% in the area during that time. The predominant age group in Ormond is 20-29 years. Households in Ormond are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Ormond work in a professional occupation.In 2021, 60.90% of the homes in Ormond were owner-occupied compared with 57.70% in 2016.
Ormond has 4,733 properties. Over the last 5 years, Houses in Ormond have seen a 3.15% increase in median value, while Units have seen a -2.39% decrease. As at 31 March 2026:
- The median value for Houses in Ormond is $1,832,619 while the median value for Units is $630,747.
- Houses have a median rent of $900 while Units have a median rent of $550.
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