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89 Ormond Rd 635 - 861 SF Office Condo Units in Elwood, VIC 3184
Investment Highlights
- Wide 6-meter shopfront along busy Ormond Road with strong local visibility.
- Flexible ground and first-floor layout featuring open-plan design and modern amenities.
- Secure leased investment generating over $64,000 annually plus outgoings with fixed rental growth.
- Two dedicated car spaces on-site providing added convenience for occupiers.
Executive Summary
89 Ormond Road in Elwood is an office building located near tram and bus stops, approximately 1 km from Ripponlea Railway Station.
2 Units Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment |
| Sale Type | Investment |
Sale Notes
Positioned along the vibrant Ormond Road retail and dining corridor, this ground-floor commercial suite offers approximately 80 m² of flexible open-plan space with exceptional street presence. Featuring a wide 6-meter glass frontage that maximizes exposure, the property is ideal for professional services or retail operations seeking high visibility and strong foot traffic. Current fit-out includes air conditioning, heating, toilet amenities, and dual entry points for operational ease. Two designated off-street car parks and Commercial 1 Zoning enhance long-term usability and investment value.
The ground floor is currently leased to a well-known real estate agency under a secure agreement through February 2028 with a 5-year renewal option, delivering consistent income and 3.5% annual increases. Located in the heart of Elwood Village, this property benefits from proximity to lifestyle amenities, public transport, and a dense residential catchment, making it a standout investment opportunity in Melbourne’s bayside market. It is offered in conjunction to the 1st floor space.
The ground floor is currently leased to a well-known real estate agency under a secure agreement through February 2028 with a 5-year renewal option, delivering consistent income and 3.5% annual increases. Located in the heart of Elwood Village, this property benefits from proximity to lifestyle amenities, public transport, and a dense residential catchment, making it a standout investment opportunity in Melbourne’s bayside market. It is offered in conjunction to the 1st floor space.
| Sale Type | Investment |
| Sale Type | Investment |
Sale Notes
The first-floor suite, approximately 59 m², complements the ground-level offering with a private, functional workspace that suits a range of professional and creative users. Accessible via separate entry, the space is designed for versatility, featuring excellent natural light, climate control, and access to shared amenities including kitchenette and restroom facilities.
Like the ground floor, this suite is secured under the current tenancy with the same longstanding business operator, providing income reliability and low management risk. Commercial 1 Zoning and a flexible internal configuration make this level adaptable for ongoing investment or potential owner-occupation in the future. Located just steps from Ormond Road’s bustling retail strip, public transport options, and local services, this upper-level space offers long-term positioning within a thriving commercial precinct. It is offered in conjunction to the ground floor space.
Like the ground floor, this suite is secured under the current tenancy with the same longstanding business operator, providing income reliability and low management risk. Commercial 1 Zoning and a flexible internal configuration make this level adaptable for ongoing investment or potential owner-occupation in the future. Located just steps from Ormond Road’s bustling retail strip, public transport options, and local services, this upper-level space offers long-term positioning within a thriving commercial precinct. It is offered in conjunction to the ground floor space.
| Unit | Unit Size | Condo Use | Price | NOI |
| - | 861 SF | Office | Upon Request | - |
| - | 635 SF | Office | Upon Request | - |
-
| Unit Size |
| 861 SF |
| Condo Use |
| Office |
| Price |
| Upon Request |
| NOI |
| - |
-
| Unit Size |
| 635 SF |
| Condo Use |
| Office |
| Price |
| Upon Request |
| NOI |
| - |
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Map
-
| Unit Size | 861 SF |
| Condo Use | Office |
| Price | Upon Request |
| NOI | - |
| Sale Type | Investment |
| Sale Notes | |
| Positioned along the vibrant Ormond Road retail and dining corridor, this ground-floor commercial suite offers approximately 80 m² of flexible open-plan space with exceptional street presence. Featuring a wide 6-meter glass frontage that maximizes exposure, the property is ideal for professional services or retail operations seeking high visibility and strong foot traffic. Current fit-out includes air conditioning, heating, toilet amenities, and dual entry points for operational ease. Two designated off-street car parks and Commercial 1 Zoning enhance long-term usability and investment value.<br> The ground floor is currently leased to a well-known real estate agency under a secure agreement through February 2028 with a 5-year renewal option, delivering consistent income and 3.5% annual increases. Located in the heart of Elwood Village, this property benefits from proximity to lifestyle amenities, public transport, and a dense residential catchment, making it a standout investment opportunity in Melbourne’s bayside market. It is offered in conjunction to the 1st floor space.</li></ul> |
1 of 0
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
-
| Unit Size | 635 SF |
| Condo Use | Office |
| Price | Upon Request |
| NOI | - |
| Sale Type | Investment |
| Sale Notes | |
| The first-floor suite, approximately 59 m², complements the ground-level offering with a private, functional workspace that suits a range of professional and creative users. Accessible via separate entry, the space is designed for versatility, featuring excellent natural light, climate control, and access to shared amenities including kitchenette and restroom facilities.<br> Like the ground floor, this suite is secured under the current tenancy with the same longstanding business operator, providing income reliability and low management risk. Commercial 1 Zoning and a flexible internal configuration make this level adaptable for ongoing investment or potential owner-occupation in the future. Located just steps from Ormond Road’s bustling retail strip, public transport options, and local services, this upper-level space offers long-term positioning within a thriving commercial precinct. It is offered in conjunction to the ground floor space.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 5,059 SF | Floors | 2 |
| Property Type | Office | Typical Floor Size | 2,530 SF |
| Building Class | C | Lot Size | 0.15 AC |
| Total Building Size | 5,059 SF |
| Property Type | Office |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 2,530 SF |
| Lot Size | 0.15 AC |
Amenities
- Bus Line
- Commuter Rail
- Demised WC facilities
- Shower Facilities
- Air Conditioning
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1 of 9
Videos
Matterport 3D Exterior
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Street
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89 Ormond Rd
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