1/121 Grices RoadClyde North VIC 3978
Property Details for 1/121 Grices Rd, Clyde North
Last Listing description (February 2023)
Burgess Rawson is pleased to offer to the market, Burger Playa, Clyde North VIC for sale via our Auction Investment Portfolio 158.
The property has the following investment highlights:
+New 10-year net lease to October 2032 plus options to 2042.
+Landlord favourable net lease terms with the tenant paying all usual outgoings as per the lease agreement.
+Single tenant minimum management investment.
+Rare annual fixed 4% rental increases ensuring future growth.
+Immaculately presented 89sqm* corner premises with capital intensive tenant fit out.
+Prominent and direct frontage to an 89-space public car park.
+Brand new construction providing maximum tax depreciation benefits.
+Surrounded by important social infrastructure including 9 schools with over 7,500 full-time students.**
+Expanding residential precinct amongst retailers including liquor, childcare, supermarket and fast-food operators.
+Clyde North: Melbourne's major southern growth corridor with the population forecast to increase 130.21% by 2041.***
+Net Income: $60,600 pa* plus GST
To be sold by Investment Portfolio Auction
10:30am AEDT Wednesday 22nd February 2023
Crown Casino, Melbourne
Property History for 1/121 Grices Rd, Clyde North, VIC 3978
- 22 Feb 2023Sold for $1,097,000
- 25 Jan 2023Listed for Sale Price on Request
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About Clyde North 3978
The size of Clyde North is approximately 29.2 square kilometres. It has 11 parks covering nearly 0.9% of total area. The population of Clyde North in 2016 was 8156 people. By 2021 the population was 31681 showing a population growth of 288.4% in the area during that time. The predominant age group in Clyde North is 30-39 years. Households in Clyde North are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Clyde North work in a professional occupation.In 2021, 74.20% of the homes in Clyde North were owner-occupied compared with 73.30% in 2016.
Clyde North has 27,762 properties. Over the last 5 years, Houses in Clyde North have seen a 27.61% increase in median value, while Units have seen a 36.50% increase. As at 31 December 2025:
- The median value for Houses in Clyde North is $834,829 while the median value for Units is $633,671.
- Houses have a median rent of $600 while Units have a median rent of $550.
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