Tenanted Investment: Allied Health in Croydon

- 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.

- A popular destination with heavy foot traffic, conveniently accessible via a multi-level car park situated right across the street.

- 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.

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

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