15 Devon StreetCroydon VIC 3136
Property Details for 15 Devon St, Croydon
Last Listing description (May 2025)
- 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.
Property History for 15 Devon St, Croydon, VIC 3136
- 29 May 2025Sold for $885,000
- 24 Apr 2025Listed for Sale Public Auction on the 29th of May, 2025 at 1:00pm
- 12 Dec 2013Sold for $477,500
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About Croydon 3136
The size of Croydon is approximately 14.1 square kilometres. It has 52 parks covering nearly 13.7% of total area. The population of Croydon in 2016 was 26946 people. By 2021 the population was 28608 showing a population growth of 6.2% in the area during that time. The predominant age group in Croydon is 30-39 years. Households in Croydon are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Croydon work in a professional occupation.In 2021, 69.80% of the homes in Croydon were owner-occupied compared with 70.10% in 2016.
Croydon has 16,017 properties. Over the last 5 years, Houses in Croydon have seen a 23.87% increase in median value, while Units have seen a 26.83% increase. As at 30 November 2025:
- The median value for Houses in Croydon is $984,191 while the median value for Units is $713,334.
- Houses have a median rent of $650 while Units have a median rent of $570.
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