We are pleased to present a unique opportunity to acquire a highly secure retail investment on almost 1HA of irreplaceable Bayside land.
Located in the heart of the bayside catchment, Fitness First Bayside services the affluent inner south eastern bayside suburbs. The property is metres from a brand new ALDI supermarket and a 2 minute drive away from Westfield Southland Shopping Centre.
Key investment attributes are as follows:
* Freestanding retail investment with a 15 year net lease to Fitness First
* Lease expiry. Feb 2025 with no options
* Favourable net lease structure, with fixed annual increase of a minimum of 3%
* Lease secured by Fitness First Ltd (listed entity) with 65 clubs around Australia
* 9,057sqm (approx.) of irreplaceable bayside land, with dual street frontages
* 5,335sqm (approx.) facility with a massive at grade car park for over 195* vehicles
* Net annual income of $1,194,052
* Total site area: 9057sqm (Almost 1HA of land)
* Zoning Commercial 2 (C2Z)
To discuss the property in greater detail or to arrange an inspection, please contact the following agents:
Matt Nichols - 0418 186 488
Julian Vautin - 0420 406 660
James Glen - 0401 493 277
In conjunction with CBRE.
NB: All areas and measurements are approximate. All prices are plus GST, unless otherwise stated.