TWO BITES OF THE ELWOOD CHERRY

A rare opportunity to buy affordable and secure retail investments to cosy Elwood Village has come on to the market for investors looking to spend around $500,000. Two shops, number 5 and 6, at 122-128 Ormond Road, Elwood are being auctioned next Friday 19 August at 1pm. Nestled among the cafes and bars that are popular with the mixed bag of Elwood residents both rich and not so rich, these premises currently house a hair salon and a fitness centre. Shop 5 has a three year, plus three lease worth $27,617 a year with one car space. Shop 6, has the same terms but offers two car spaces and is rented for $26,741 a year.