OCCUPY, DEVELOP, INVEST

Teska Carson are pleased to offer 563A North Road, Ormond for sale by Expressions of Interest closing on Wednesday 22 May 2024 at 3pm. Presenting a prominently located two-storey property suited to a diverse range of buyers to occupy, value-add or develop (STCA). Offers large rear land, rear access and newly installed digital signage providing passive income. The pending redevelopment of Ormond Station by Dealcorp, which proposes to include a ten-storey apartment building along with a supermarket, retail outlets, office space, and food establishments, will result in a complete gentrification of this location Key features of this offering include the following: - Frontage: 5.7m* to North Road - Zoning: Commercial 1 - Land Area: 266sqm* - Ground floor: open plan shop/office - First floor: large space that provides flexibility for potential apartment use - Rear laneway access with 5 on-site car parks* - Part of North Road Village shopping strip - Close proximity to Ormond train station (400m) - Easy access to major arterial roads - Passive income from digital signage with 10 + 10 year lease - Ideal shop and dwelling opportunity and/or upside investment with development possibilities (STCA). For more information or to arrange an inspection please don't hesitate to contact the listing agent.  *approx.