2 x Over-Sized 1960s Style Apartment Blocks – Ability To Hold, Refurbish or Sell Down

  • $6,000,000/Contact the Stonebridge Team

Property Description

Stonebridge Property Group is pleased to present The Ormond Duo, 299-305 Grange Road, Ormond, offered for sale individually or together via Expressions of Interest.

The Ormond Duo, 299-305 Grange Road, comprises 2 blocks of flats containing 19 large apartments in Ormond, only 10 km* from the Melbourne CBD.

The 2 x whole blocks of flats can be purchased individually or together.

Key highlights of this opportunity include:

– 299-301 Grange Road:

+ Building configuration: 5 x 2-bedroom and 4 x 3-bedroom apartments with 9 on-site car spaces

+ NLA of 710 sqm*

+ Land area of 1,367 sqm*

– 303-305 Grange Road:

+ Building configuration: 6 x 2-bedroom and 4 x 3-bedroom apartments with 10 on-site car spaces

+ NLA of 780 sqm*

+ Land area of 1,372 sqm*

– An ideal apartment mix of two-bedroom and three-bedroom apartments ranging from 70 – 90 sqm* per unit

– Enormous potential for value-add and rental uplift through refurbishment, re-leasing of existing flats, or unit-by-unit sell down

– All apartments feature large windows in living and bedroom areas, providing excellent natural light throughout

– Expansive street frontages allow flexibility of access to the property for future development

– Future development potential with no heritage overlay on the existing buildings, allowing complete rebuild or demolition to deliver townhouse/ residential, medical, childcare or other accommodation outcomes (STCA)

– Located in the affluent suburb of Ormond, which boasts a median house price of $1,900,000 and 13% growth over the past 12 months (source REIV)

– Situated in a prime retail precinct with immediate access to McDonald’s (200 m*), KFC (150 m*), IGA (280 m*), and Joyce Park Playground (480 m*)

– Excellent transport linkages only 380 m* to Ormond Train Station, and bus stops along Grange Road and North Road, providing direct access to the Melbourne CBD

– Within one of Melbourne’s most prestigious school precincts, including Kilvington Grammar School (600 m*), McKinnon Secondary College (1.3 km*), McKinnon Primary School (1.3 km*), Ormond Primary School (1.4 km*), Trinity Institute of Business Studies (1.5 km*), Glen Eira College (2.7 km*), and Monash University Caulfield Campus (3 km*)

The Ormond Duo, 299-305 Grange Road, Ormond is for sale individually or together via Expressions of Interest closing Thursday 2nd October 2025 at 2PM (AEST). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.

Max Warren
0488 296 892

Dylan Kilner
0459 396 341

Chao Zhang
0411 625 068

如需任何中文咨询,请联系我们亚洲业务团队的Chao Zhang 张超,联系电话:0411 625 068,并可随时加他的微信(微信号:chaozeee)。

*Approximately

Property Code: 1409

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