730 North RoadOrmond VIC 3204
Property Details for 730 North Rd, Ormond
Last Listing description (April 2022)
+ New 15 year net lease to Elles Belles Early Learning to 2037.
+ Two further 10 year options to 2057.
+ Elles Belles Early Learning : boutique operator with a further strong-trading centre in Cheltenham.
+ Tenant pays all outgoings including land tax.
+ Impressive double storey child care facility, with service approval for 94 LDC places and basement parking for 20 cars.
+ Strategic 1,026 sqm main road 'city-bound' site, with exposure to 39,000 + vehicles passing daily and located only 12 kilometres from the Melbourne CBD.
+ The centre is located within the McKinnon school zone, including one of Victoria's top ranking high schools - McKinnon Secondary College, McKinnon Primary School, Valkstone Primary School, Kilvington Grammar School and St Patrick's School.
+ Conveniently located 3 kilometres from Chadstone Shopping Centre, one of Australia's largest shopping centres, underpinned by Aldi, Coles, Woolworths and 420+ specialty stores.
+ Brand new construction with significant depreciation benefits.
+ Childcare/Early Education is an essential service and one of Australia's most sought-after asset classes, with both Federal and State Governments providing record funding. In the 2021-22 Federal Budget, the Federal Government added a further $1.7 billion to the $10.3 billion already budgeted for the year.*
+ Net Income: $414,000 pa + GST.
*Mitchell Institute, Australian Investment in Education: Early Childhood Education and Care (ECEC).
Property History for 730 North Rd, Ormond, VIC 3204
- 19 May 2025Sold for $7,800,000
- 16 Mar 2022Sold for $9,250,000
- 21 Jan 2022Listed for Sale Price on Request
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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 4,734 properties. Over the last 5 years, Houses in Ormond have seen a 25.17% increase in median value, while Units have seen a 0.33% increase. As at 31 October 2025:
- The median value for Houses in Ormond is $1,914,371 while the median value for Units is $625,094.
- Houses have a median rent of $595 while Units have a median rent of $550.
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