Rare, Fully-Fitted Restaurant on Bustling North Road – Invest or Occupy

An exceptional opportunity to secure a high-exposure freehold retail investment in the heart of Ormond’s thriving commercial strip. Positioned on bustling North Road, just steps from KFC and McDonald’s, this property benefits from outstanding foot traffic and 40,000 passing vehicles daily (source: Department of Transport & Planning).

Key Highlights:
• Strategic Freehold Position – approximately 243m²* of prime land in a vibrant retail precinct.
• Secure Income Stream – Home to an established, Japanese restaurant, a highly rated local favourite (4.4 stars, 150+ Google reviews).
• Established Tenancy – Occupied for 15 years, with tenants eager to renew lease.
• Rental Growth Opportunity – current rent $44,448 p.a, with the rental appraisal suggesting an uplift to $50,000 p.a.
• Flexible Options – Continue as an investment, or explore vacant possession with potential for future development (STCA).

Unbeatable Location:
• High-Visibility Retail Hub – Just off Dunlop Avenue, surrounded by national retailers including Petstock & IGA.
• Premium Residential Catchment – Situated in an affluent suburb with a median house price of $1.8M.
• Strong Local Demand – Close to 30 schools within a 3km radius, including the prestigious McKinnon School Zone.
• Zoned for Success – Commercial zoning supports retail, hospitality, or future redevelopment (STCA).
• Convenient transport access – 350m from Ormond Train Station, only steps away from 630 and 625 bus routes.

This property is ideal for savvy investors seeking reliable returns or developers looking to capitalize on a prime commercial location.

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Disclaimer: We have in preparing this document used our best endeavors to ensure that the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospective purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquires and refer to the due diligence check-list provided by Consumer Affairs. Click on the link for a copy of the due diligence check-list from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist

Property ID: 1358003

Click here for the Consumer Affairs Victoria Due Diligence Checklist for Home Buyers