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For Sale

BLUE CHIP CORNER INVESTMENT

442-452 North Road, Ormond VIC 3204

• Securely leased till 2032
• Income of $450,000 net per annum
• Tenant is a registered charity = LAND TAX EXEMPT
• Significant 2 storey building of 1,559 sqm*
• Corner land of 1,651 sqm*
• Security of Income with definite upside

Aston Commercial are pleased to present 442-452 North Road, Ormond for sale.

This outstanding corner property is located in the highly desirable and affluent suburb of Ormond a mere 12 kilometres from Melbourne’s CBD. The property originally started life as a suburban office building. In recent times it has been converted and adapted to operate as a school and is leased to Beis Efraim College, an orthodox Jewish School with students across all age groups.

With 12 years remaining on an 18 year lease the asset provides a strong and secure income stream in a time when income has never been more important. There is also undeniable development potential well into the future at leases end. The outstanding suburb and superior corner location will allow for a significant high-density redevelopment. There is a demolition clause in favor of the landlord that can be activated from 2031 providing 12 months’ notice.

Enjoy the security of income whilst planning for an even brighter future in what is one of Melbourne’s more affluent suburbs.

Aston Commercial highly recommend this strategic commercial property for your serious consideration. For further information, please contact the exclusive selling agents.

*approx.

442-452 North Road, Ormond VIC 3204