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Sold on 24 Jun 2024 - Price Unavailable

533 North Road
Ormond VIC 3204

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 150m2
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Property Details for 533 North Rd, Ormond

Building Type
Commercial
Floor Size
150m2
Local Government
Glen Eira
Lot/Plan
1/TP124083

Last Listing description (June 2024)

A golden opportunity presents to take on this ready to go business in a highly sought after Ormond location!

Situated in one of the most vibrant and growing communities, this venue enjoys a prime location. The bustling surroundings, coupled with the popularity of the area, guarantee a steady flow of customers and ongoing demand.

In a highly visible location with heavy foot traffic flow
3 bedrooms included (first floor)
Fully equipped
Very Big Kitchen & Fantastic Setup
Operating six days a week (7 days if needed)
Dinning/Takeaway Food
6 yearly long secure lease plus extension opportunity
Lease $3320 per month
Front entry and back access to rear car parking
Easy access to buses and trains, just a few minutes walk from Ormond Station.
Approx 243sqm of land
Business Is Still Growing
Needs an Owner Operator To Take It To The Next Level.
Bargain Price -$ 91000 - $ 100.000

For more information, please call:

Esmael Namdar 0498577554

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Property History for 533 North Rd, Ormond, VIC 3204

A timeline of how this property has performed in the market
Last Sold
24 Jun 2024
  • 24 Jun 2024
    Sold
  • 12 Mar 2024
    Listed for Sale $65,000 - $75,000
  • 20 Dec 2022
    Listed for Sale $50,000
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About 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 2011 was 7,710 people. By 2016 the population was 8,416 showing a population growth of 9.2% 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 $1800 - $2399 per month on mortgage repayments. In general, people in Ormond work in a professional occupation. In 2011, 59.8% of the homes in Ormond were owner-occupied compared with 57.7% in 2016.

Ormond has 4,645 properties. Over the last 5 years, Houses in Ormond have seen a 31.11% increase in median value, while Units have seen a 5.78% increase. As at 31 July 2024:

  • The median value for Houses in Ormond is $1,804,361 while the median value for Units is $607,248.
  • Houses have a median rent of $730 while Units have a median rent of $500.
There are currently 13 properties listed for sale, and 10 properties listed for rent in Ormond on OnTheHouse. According to CoreLogic's data, 174 properties were sold in the past 12 months in Ormond.

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Esmail Namdar
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Wahid Paykari
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