Brand New 10 Year Lease to Global Health and Wellness Chain Snap Fitness
9/121s Grices , Clyde North VIC
Property Highlights
Description
Burgess Rawson is pleased to offer to the market, Snap Fitness, Clyde North VIC for sale via our Auction Investment Portfolio 156.
The property has the following investment highlights:
+ New 10-year net lease to September 2032 plus options to 2042.
+ Snap Fitness: international health and fitness chain with 210 clubs across Australia servicing 230,000 plus members.
+ Landlord favourable lease terms with tenant paying all usual outgoings as per the lease agreement.
+ Single tenant minimum management investment.
+ Annual fixed 3% rental increases ensuring rental growth.
+ Pristine 402sqm* premises with the latest Snap Fitness tenant fit out.
+ Prominent and direct frontage to an 89-space public car park.
+ Expanding residential precinct amongst retailers including liquor, childcare, Foodworks and fast-food operators.
+ Clyde North: Melbourne’s major southern growth corridor with the population forecast to increase 130.21% by 2041.**
+ Net Income: $120,900 pa* plus GST
To be sold by Investment Portfolio Auction
10:30am AEDT Wednesday 26th October 2022
Crown Casino, Melbourne
*Approx.
**Forecast.id
Property Details
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