News & Insights

Sold at auction for $777,000

September 19, 2019
572 North Road, Ormond

572 North Road, Ormond

Sold at auction

Thursday, September 19, 2019

With the sun shining it was a perfect day to Auction 572 North Road, Ormond.

Offered for the first time in around 50 years, this older style shop and dwelling was a Renovator’s Delight. Positioned on North Road near the newly completed Ormond Train Station, the property received a steady flow of enquiries throughout the campaign from parties looking to renovate and create an investment.

Taking 34 bids from three groups, Auctioneer Matt Nichols was kept on his toes with bids jumping around from buyers looking to outsmart each other. The property eventually sold under the hammer, well above reserve, for $777,000.

View our sale & lease results

Put your property with the Leaders of the South East

We’re proud to lease and sell, through auction and private sale, hundreds of commercial and industrial properties annually. Beyond that, our property management services extend across Melbourne, into regional Victoria and interstate. Our quest for innovation, real experience, unmatched database and the fact that we’re the only commercial and industrial agents with offices that stretch from Bayside to Moorabbin, Braeside to Dandenong and Carrum Downs to Mornington Peninsula has made us the Leaders of the South East.