442-452 North Road, Ormond

expression of interest

BLUE CHIP CORNER INVESTMENT

Aston are pleased to present 442-452 North Road, Ormond for sale by Expression of Interest closing on Thursday 29th February at 3pm.

Property Features:

• Tenant is a registered charity = LAND TAX EXEMPT
• Significant 2 storey building of 1,559 sqm*
• Security of Income with definite upside

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.

Listing Highlights

  • Securely leased until 2032
  • Income of $482,051 net pa*
  • Corner land of 1,651 sqm*

Property Details


Asset Type
Land Development

Building Area
1,559 m2*

Land Area
1,651 m2*

Price
Contact Agent