15/2-8 Northey RoadLynbrook VIC 3975
Property Details for 15/2-8 Northey Rd, Lynbrook
Last Listing description (September 2017)
Unbeatably positioned Restaurant on the corner of South Gippsland Highway and Northey Road, surrounded by New Housing Estates and existing & Expanding Commercial precinct this Restaurant is one busy affair and very popular in the area.
LEASE DETAILS:
- Current Rental: $37,177.20
- Further options: 5 Years plus 5 years
- Lease commencement: 1st August 2015
- Annual rental increases: CPI
- Outgoings: Paid by tenant
Take advantage of this strong return!
Property History for 15/2-8 Northey Rd, Lynbrook, VIC 3975
- 01 Sep 2017Sold for $610,000
- 25 Jul 2017Listed for Sale Not Disclosed
- 06 Mar 2013Listed for Rent - Price not available
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About Lynbrook 3975
The size of Lynbrook is approximately 4.1 square kilometres. It has 19 parks covering nearly 13.0% of total area. The population of Lynbrook in 2016 was 8519 people. By 2021 the population was 9121 showing a population growth of 7.1% in the area during that time. The predominant age group in Lynbrook is 10-19 years. Households in Lynbrook are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lynbrook work in a professional occupation.In 2021, 77.20% of the homes in Lynbrook were owner-occupied compared with 80.50% in 2016.
Lynbrook has 3,254 properties. Over the last 5 years, Houses in Lynbrook have seen a 23.26% increase in median value, while Units have seen a 20.86% increase. As at 30 April 2026:
- The median value for Houses in Lynbrook is $977,368 while the median value for Units is $665,797.
- Houses have a median rent of $630 while Units have a median rent of $578.
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