525 North RoadOrmond VIC 3204
Property Details for 525 North Rd, Ormond
Last Listing description (November 2020)
Ray White Commercial Victoria is excited to present for sale via Online Auction on Friday 30th October 2020 at 1pm, an exceptional freestanding retail investment located at 525 North Road, Ormond.
The property is perfectly positioned close to everything that one would expect in an investment property and is located amongst an array of supporting and service type businesses such as food outlets, IGA supermarket, hair salons and more. The property is also situated within metres from Ormond Train Station, ticking all the boxes that one would look for in an investment.
Currently leased since 2012 to "Melbourne Music Centre" which was founded in 1991, this property provides investors with great comfort knowing that there is a reliable tenant occupying the premises.
Whatever it may be that you are looking for in your next commercial property purchase; this is certainly one that you can't ignore!
The Property:
Total building area | 248m2*
Total land area | 222m2*
Two level commercial building
Comprising ground floor retail premises of 175m2* & first floor of 73m2*
• Front and rear access
On-site parking at rear via R.O.W.
No Owners Corporation Fees
Commercial One Zoning (C1Z)
Roof replaced in 2017
The Tenancy:
Leased since 2012
Current lease until January 2023 with two further option of 3 years each
Current income $39,000 Per Annum plus GST plus Outgoings
Two months security bond
ONLINE AUCTION | Friday 30th October 2020 at 1pm
To Register to Bid: Please visit the Anywhere Auctions website or download the app and click on the "Register to Bid" button against this property. Registration takes five minutes and you will be able to bid online from the safety of your own home or office.
https://anywhereauctions.com.au/app/property?propertyId=6875
To find out more about the bidder registration process or bidding online through the Anywhere Auctions platform for this auction, please visit the "How to bid" section of the Anywhere Auctions website or contact us directly.
Ryan Amler | 0401 971 622
George Kelepouris | 0425 798 677
*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 Vendor or Agents.
Property History for 525 North Rd, Ormond, VIC 3204
- 30 Oct 2020Sold for $739,000
- 20 Jul 2020Listed for Sale ONLINE AUCTION ($750,000-$800,000)
- 22 Apr 2014Transferred
Recent sales nearby
See more recent sales nearby/assets/perm/jxhv2wld4qi6vck577qydqd7e4?signature=5464a0592e5503c6782998ae5f26ce574a625fd33c755776f5410b60165fb3aa){kind=logo}
0/assets/perm/25zlbm76zei6tdqwduyczavhja?signature=4f937fa1a5270f80418a5737f484d51f364bca58bda07bd0642084ac8ea6a35d){kind=logo}
0
/assets/perm/gbemz6g3yai6nozkiesvv4xu54?signature=311756757dbf602fb240d4aa4da2383b19c1e264826f1d09807f3b6aaf44fc51){kind=logo}
0Similar properties For Sale nearby
See more properties for sale nearby
0
0
0
Similar properties For Rent nearby
See more properties for rent nearby
0
0
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 4,734 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.
Suburb Insights for Ormond 3204
Market Insights
Ormond Trends for Houses
N/A
N/A
View TrendN/A
N/A
Ormond Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.
While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
