A unit located in 1/TP215379 Ormond VIC. In the council area Glen Eira, it has 3 bedrooms, 1 bathroom.
Relax.... and reap the rewards!! Enjoying a commanding and highly sought-after main road location, this securely leased retail premises and double storey 3BR dwelling is positioned just metres from Ormond train station. Currently tenanted with an existing two year lease expires 31st August 2012 with a further 3 year option. Returning $31,200 PA - reviewed annually at 4% - you can relax knowing this is a very solid investment indeed. The ground floor comprises a large, carpeted retail business zone that's flexible enough to be used for various uses. To the rear is a spacious kitchen with gas appliances a large, adjacent meals area, living room, separate laundry, toilet and large rear yard with ROW & under cover parking. Upstairs accommodation includes 3 BRs, linen storage and a bright central bathroom. Surrounded by well-established businesses and plenty of passing trade, this blue chip opportunity is the kind of investment therapy you need during these times