New 10 Year Lease to Sweatshop | Showpiece Ground Level Tenancy in the new $200M ‘Geelong Quarter’

Burgess Rawson are delighted to present to market the Sweat Shop at 46-48 & 107/44 Ryrie Street, Geelong CBD VIC for sale via Investment Portfolio Auction 168.

This investment has the following key highlights:

+ New Ten (10) year lease to 2034 plus option to 2039.
+ Sweatshop: Established and popular fitness model with thriving business location in Armadale (800 members) offering a unique training model and world – class training facilities.
+ Expansive 719 sqm* premises with dual level access and brand new fit-out over three titles.
+ 3 car spaces and 3 storage areas included on title
+ Prestigious Ryrie Street locale, within Geelong’s largest and newest $200M mixed use project ‘Geelong Quarter’ which includes 124 residential apartments and 180-room hotel – The Holiday Inn & Suites.
+ Fixed 3% annual rent increases.
+ Landlord preferred net lease structure with tenant paying all usual outgoings .
+ New construction providing maximum tax saving depreciation benefits.
+ Single tenant minimum management investment
+ Surrounded by Important infrastructure including Deakin University (4,000 + full-time students), The Gorden Geelong, Geelong Railway Station, Westfield Geelong (7.2 million visits) and the Market Square Shopping Centre.
+ City of Greater Geelong: Booming location and gateway to the Great Ocean Road and Bellarine Peninsula, with population forecast to grow 37% to 396,302 residents by 2041. (1)
+ Strong investment into major projects within the city of Greater Geelong with over 161 projects either proposed, recently completed, commenced or approved projects totalling $13.4 billion. (2)
+ Trade through the Geelong Port, Victoria’s premier bulk port sees with $7 billion of trade, 12 million tonnes of product and 600 vessels passing through the port and supporting 1,800 regional jobs annually. (3)
+ Net Income: $326,353 pa* + GST.

To be sold via Burgess Rawson Investment Portfolio Auction 168
Tuesday 14 May 2024
River Room at Crown Casino, Melbourne

Bidder registration required, register here.

Please contact the Burgess Rawson team for more information.

*approx
(1) Forecast.id
(2) City of Greater Geelong Data Exchange
(3) City of Greater Geelong