84 Ormond Road, Elwood VIC 3184

EXPRESSION OF INTEREST

The beautifully architect designed modern property by Nixon Tulloch Fortey is fully leased with long term tenant (Bubba Pizza), less than 10-years old and well
maintained, blue-chip freehold building with main Ormond Road frontage and highly sought rear laneway access within the tightly held Elwood Village. With additional possibility to sub-divide (STCA). Offered for the first time since construction.
The building comprises:
▪ 1 commercial space at the ground floor frontage.
▪ 2x 1-bedroom apartments.
▪ 3x 2-bedroom townhouses.
▪ A Carshare agreement for the single parking space at the rear of the property.
▪ High-end security with cameras
▪ Less than 10-years old (Excellent depreciation credit available)
▪ C1Z – Commercial 1 Zone

INVESTMENT SUMMARY:
• Commercial: 84 Ormond Road, Elwood
• Total Rent - $61,324.26 p.a. + GST as at 01/08/2023
• Tenant : Bubba Pizza
• Lease expire – 31/07/2030
• Further term – NIL
• 3.0 % Fixed Annual Increase
• Tenant : Go Get Car Share
• Lease expire – 09/11/2026
• Further term – 5+5 years

• Residential: 84 Ormond Road, Elwood
• Total Rent - $163,096.00 p.a.
• Apt. 1 - $2,194.00 p.m. - Lease 12 months fixed term – lease expire – 05/09/2025
• Apt. 2 - $2,368.00 p.m. - Lease 12 months fixed term – lease expire – 27/03/2026
• T/H 3 – Vacant - $3,033.00 p.m. appraised rent as at July 2025
• T/H 4 - $2,824.00 p.m. - Lease Periodic from 27/10/2023
• T/H 5 - $3,172.00 p.m. - Lease 12 months fixed term – lease expire – 19/11/2025