New 10 Year Net Lease to Global Fitness Giant Snap Fitness | 6.5% Yield Anticipated

Burgess Rawson is pleased to offer to the market, Snap Fitness for sale via our Auction Investment Portfolio 158.

+ New 10 year lease to November 2032 plus options to 2042.
+ Snap Fitness: International health and fitness chain with 210 clubs across Australia servicing 230,000+ members
+ Fixed 3% annual rent increases, assuring future rental growth
+ Landlord-favourable net lease with the tenant responsible for all usual outgoings.
+ Substantial 551*sqm premises with the latest corporate tenant fit-out.
+ New 2022 construction providing excellent tax saving depreciation benefits.
+ Single tenant, minimum management investment
+ Rare 5 star google reviews.
+ Surrounded by important social infrastructure including 9 schools and tertiary education facilities servicing 6,000+ full-time students**
+ Rapidly expanding residential precinct amongst supporting retailers including liquor and fast-food.
+ Pakenham: Melbourne’s major eastern growth corridor, population estimated to increase 59.9% by 2041**
+ Net Income: $170,500 pa* + GST.

For Sale by Investment Portfolio Auction
10:30am AEDT Wednesday 22 February 2022
Crown Casino – River Room

Please contact the exclusively appointed Burgess Rawson team for more information.

*approx
** gap maps