Significant 1,170 sqm* Ormond Landholding with Holding Income and Upside (STCA)
Stonebridge Property Group is pleased to present 325-329 Jasper Road, Ormond, offered for sale via Expressions of Interest campaign.
325-329 Jasper Road, Ormond, is a high-profile landholding in a prime retail precinct and benefits significantly from its position opposite McDonald’s and next to KFC.
The property comprises two individually titled commercial buildings that will be sold together.
Key highlights of the property include:
- An expansive 1,170 sqm* freehold site with significant surplus land providing untapped potential to value add through development (STCA)
- Significant improvements comprising of 2 individual buildings being one medical, one double fronted office/showroom with the addition of a 4-bedroom family home
- 2 separate tenants, Healius Pathology (with a 12-month termination notice clause) and residential tenant, plus a vacant shop front, providing a diversified annual income
- Partially leased returning approx. $129,031* per annum, with potential for fully leased income of around $174,000*
- Zoned Commercial 1 (C1Z) allowing for intelligent future development options, including retail, commercial, residential or mixed-use noting the previously approved permit for a 4-storey residential development (STCA)
- Valuable ‘dual shop’ frontage (30.1 m*) to Jasper Road allows scope for further retail activation
- Situated in the prime retail precinct with immediate access to McDonald’s (opposite), KFC (30 m*), IGA (350 m*), Rodolfos (500 m*), and Joyce Park Playground (300 m*)
- Strategically connected to surrounding suburbs via Ormond Train Station (500 m*) and bus stops (210 m*). Alternatively, access is also simple via accessible arterials North Road (60 m*), or Nepean Highway (3.3 km*)
- Within one of Melbourne’s most abundant private and public school precincts with institutions, including Kilvington Grammar School (700 m*), McKinnon Secondary College (850 m*), McKinnon Primary School (850 m*), Ormond Primary School (900 m*), Trinity Institute of Business Studies (1.1 km*), and Monash University Caulfield Campus (2.9 km*)
- Located in the affluent suburb of Ormond, which boasts a median house price of $1,800,000^ and convenient proximity to Middle Brighton Beach
To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Dylan Kilner
0459 396 341
Andrew Milligan
0421 559 992
Chao Zhang 张超
0411 625 068
^ REIV
* Approximately
Property Code: 1137
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