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1 Ormond Road 441 - 1,033 SF of Retail Space Available in West Footscray, VIC 3012
Highlights
- The building comprises multiple ground-floor retail tenancies arranged to front the surrounding streets.
- The property is a newly constructed retail development located at the corner of Geelong Road and Ormond Road in West Footscray.
- It occupies a prominent intersection position within an established and growing inner-west Melbourne suburb.
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground, Ste 5 | 441 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| Ground, Ste 8 | 592 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
Ground, Ste 5
Shop 5 comprises approximately 41 square metres of internal area within a newly developed retail building. The space is suitable for a range of small-format retail or personal service uses, including a beauty or allied health operator, subject to relevant approvals. It is configured as a single tenancy within a larger retail development.
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Private Restrooms
- Display Window
Ground, Ste 8
Shop 8 comprises approximately 55 square metres of internal area within a ground-floor retail development. The tenancy is one of several individual retail spaces within the building and is suitable for a range of small-scale retail or service-oriented uses, subject to relevant approvals.
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Private Restrooms
- Display Window
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 1,033 SF | Gross Leasable Area | 3,832 SF |
| Property Type | Retail |
| Total Space Available | 1,033 SF |
| Property Type | Retail |
| Gross Leasable Area | 3,832 SF |
About the Property
1 Ormond Road is a modern retail development located on the corner of Geelong Road and Ormond Road in West Footscray. The property is positioned at a prominent signalised intersection and forms part of an emerging mixed-use and retail precinct. The development comprises multiple ground-floor retail tenancies designed to service the surrounding residential catchment and passing traffic. The building presents a contemporary streetscape presence and benefits from exposure to both Geelong Road and Ormond Road. The property is constructed as a purpose-built local retail asset with separate shopfronts along the street frontages.
- 24 Hour Access
- Signage
Presented by
1 Ormond Road
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