5 Ormond Road

An entirely unique property offering the prospect of healthy investment returns and the potential for a rewarding re-development project, STCA, this is a site and a setting that's totally tempting for a range of reasons. Currently, the block's original two bedroom residence and four one bedroom units, all on a single title, return just over $68,000 per annum. The opportunity to continue enjoying the current consistent rental revenue stream is complemented by the option to consider re-developing the entire allotment's 739sqm approx. in an ideal location literally a c80m walk to Corpus Christi Primary School. Proximity to bus routes, West Footscray station trains and Hansen Reserve adds to the appeal – both present and future – where the presence of renovated period homes enhances the sense of possibility.