56 John StreetLilydale VIC 3140
Property Details for 56 John St, Lilydale
Last Listing description (June 2017)
Ray White Commercial Glen Waverley in conjunction with the Ray White network, are pleased to offer an exciting investment with development upside.
This tenanted investment enjoys both a lease with approximately 2.5 years remaining along with the added benefit of recent planning changes. These new overlays offer great future development potential for up to 4 levels (STCA), however should you wish to invest and hold the property it has great track record and also strong rental potential into the future.
Other benefits include:
Zoning: Commercial Zone 1 (CZ1) with Design Development Overlay 4 (DDO4)
Lease: 5 year lease as of September 2014 with no further options.
Current rent: $39,320 per annum plus outgoings plus GST
Potential for development of up to 3-4 levels STCA
Potential for dual active frontages, one backing onto Lilydale Marketplace.
Ability to continue relationship with existing occupier
For all additional information including IM?s and Contracts please contact Ryan Trickey 0400 380 438 or Ben Ainsworth 0412 534 028.
Property History for 56 John St, Lilydale, VIC 3140
- 07 Apr 2017Sold for $1,000,000
- 09 Mar 2017Listed for Sale AUCTION
- 24 Dec 2010Sold for $739,683
Recent sales nearby
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0About Lilydale 3140
The size of Lilydale is approximately 29.2 square kilometres. It has 23 parks covering nearly 9.7% of total area. The population of Lilydale in 2016 was 16531 people. By 2021 the population was 17348 showing a population growth of 4.9% in the area during that time. The predominant age group in Lilydale is 50-59 years. Households in Lilydale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lilydale work in a professional occupation.In 2021, 77.60% of the homes in Lilydale were owner-occupied compared with 76.10% in 2016.
Lilydale has 9,693 properties. Over the last 5 years, Houses in Lilydale have seen a 27.62% increase in median value, while Units have seen a 20.41% increase. As at 31 December 2025:
- The median value for Houses in Lilydale is $990,369 while the median value for Units is $627,359.
- Houses have a median rent of $610 while Units have a median rent of $550.
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