New 10 Year Net Lease - Global Fitness Giant Snap Fitness

Description

CBRE is pleased to offer to the market, ‘Snap Fitness’ Tenancy 1 (Lot 2), 260 Highlander Drive Craigieburn VIC for sale via our Auction Investment Portfolio 185.

+ New 10 year lease to April 2036 plus options to 2046.
+ Snap Fitness: International health and fitness chain currently operates more than 1,000 clubs globally across 17 countries, with 290 clubs across Australia servicing 250,000+ members.
+ Fixed 3.75% annual rent increases, assuring future rental growth.
+ Landlord-favourable net lease with the tenant responsible for all usual outgoings.
+ Substantial 516*sqm premises with the brand new ‘capital intensive’ corporate tenant fit-out.
+ New 2026 construction providing excellent tax saving depreciation benefits.
+ Single tenant, minimum management investment
+ High profile corner position neighbouring the newly constructed Craigieburn Village Shopping Centre anchored by Coles Supermarket and Liquorland, and further supported by childcare, I Love Dumplings, beauty bar, pizza, chiropractor, direct chemist outlet, Blue Hippo laundry, cafes and more.
+ Craigieburn: established yet rapidly growing suburb in Melbourne’s booming northern growth corridor with population forecast to increase 21% to 96,000 by 2046.
+ Hume City Council: Population 285,384 (2026) forecast to grow a massive 66% to 411,000 by 2046.
+ Net Income: $217,350pa* + GST.

To be auctioned as part of CBRE Investment Portfolio Auction 185
10.30am AEST Wednesday 24th June 2026
Garden Room, Crown Casino Melbourne.

Interstate bidding available by prior arrangement.

For information on other investment opportunities in the campaign, please see:
http://www.investmentportfolioauction.com.au/185

*approx
** gap maps

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Contact agents
Shaun Venables Senior Director
0411 860 865
George Wilkinson Associate Director
0439 173 049
Rachael Fabbro
+61 412 547 690
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Craigieburn, VIC

1/ 260 Highlander Drive

For Sale by Portfolio Auction
Wednesday 24th June 10:30AM Crown Casino - Melbourne

This property is part of Portfolio 185

Price: Contact Agent

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