15 Devon Street, Croydon, Vic 3136

- Brand new 5 year lease to 2030 with further options
- Tenant pays usual outgoings
- Fixed 3% annual rent increases

RWC Glen Waverley is proud to offer to market 15 Devon Street, Croydon VIC to market via Public Auction on the 29th of May, 2025 at 1:00pm.

The property has the following key investment highlights:

   -  Brand new 5-year lease to 2030 plus two (2) further five (5) year options to 2040.

   -  Fixed 3% annual rent increases, ensuring continued income growth.

   -  Net rent $50,000 per annum + GST + Outgoings. 

   -  Healing Hands Osteopathy operating from the property for 10 years, very well established 
      neighbourhood practice with an additional location in Ferntree Gully

   -  Landlord favourable net lease terms, with Healing Hands Osteopathy responsible for usual 
      outgoings including council rates, water rates and insurance premiums.

   -  Impressive 181 m2 total area (approx). with 4 x consultation rooms, reception w/kitchenette, 
      2 x storage areas, laundrette, long concrete driveway with 3 x car parks and 1 x handicap 
     accessible car park in the front entrance with accessible entrance and exit.

   -  Prime high-exposure 543 m2 freehold landholding in the heart of Croydon, strolling distance 
      to Main Street, Train Station, Bus Depot and all manner of specialty shops, supermarkets, 
      restaurants and medical/allied health practices.

   -  High traffic destination location, with ample parking provided by the multi level carpark 
      opposite.

   -  Marked for "incremental change residential" by Maroondah City Council.

Please contact one of the exclusively appointed RWC Agents listed below for a copy of the Information Memorandum, Contract, to arrange for a private inspection or for anything further, and we look forward to your presence on Thursday the 29th of May at 1:00pm.