669-677 North Road
Ormond, VIC 3204

Overview

669-677 North Road, Ormond VIC 3204

This landmark property is situated at the prominent intersection of North Road and Koornang Road in Ormond, offering an exceptional opportunity for redevelopment or strategic land banking. The site encompasses approximately 1,195 square meters of land with a wide frontage of 16.8 meters and two crossovers, providing excellent access and exposure.

The property features a distinguished early 20th-century red-brick industrial building, recognized for its grand architectural presence and prominent shopfront. Currently, the building is configured into eight individual units, including a semi-detached shopfront with side-lane access to two rear factoryettes. Additional space includes first-floor office and mezzanine accommodation, enhancing the versatility of the site.

Four current tenancies generate an approximate annual income of $110,000, reflecting the property's income-producing potential. There is also potential for future billboard income, subject to council approval, adding another revenue stream.

Located in a Mixed Use Zone – Schedule 3, the site offers exceptional scope for a landmark residential or mixed-use development, subject to council approval. This makes it an ideal opportunity for developers or investors seeking a high-profile site in a tightly held location.

The property benefits from exposure to approximately 50,000 vehicles passing daily along North Road, ensuring high visibility. It is conveniently positioned near key amenities and transport links, including:

• Approximately 2 kilometers to Centre Road Bentleigh shopping precinct
• Approximately 2.1 kilometers to Carnegie Station
• Approximately 3 kilometers to Bentleigh Station
• Approximately 4.2 kilometers to Chadstone Shopping Centre
• Approximately 6 kilometers to the bay via North Road
• Approximately 6.5 kilometers to the iconic bathing boxes at Dendy Street Beach
• Approximately 12 kilometers to Melbourne CBD

The site is also located within the highly regarded McKinnon Primary School Zone, adding to its appeal for residential development.

This property presents a rare and exciting opportunity to acquire a landmark site with significant development potential or to utilize the existing buildings for flexible business use or personal car storage. Its strategic location, combined with the substantial land and building size, makes it a standout offering in the Ormond market.

For further information, interested parties are encouraged to make enquiries to explore the full potential of this exceptional site.

Location