Prime Exposure Leisure Investment | 10 Year Net Lease to 2028 + Option to 2038
Description
Burgess Rawson is pleased to offer to the market Zap Fitness located at 1/485 Ipswich Road, Annerley QLD for sale via Immediate Offers to Purchase.
The property has the following investment highlights:
+ Ten (10) year head office net lease to Zap Fitness (Fitness & Lifestyle Group) to 2028 plus one (1) ten (10) year option to 2038
+ Lease guaranteed by Fitness & Lifestyle Group’s Ultimate Holding Company
+ Zap Fitness: part of the Fitness & Lifestyle Group, which is majority owned by Quadrant Private Equity
+ Unrivalled frontage to Ipswich Road, a key 6 lane arterial route seamlessly connecting Brisbane with South-West Queensland, providing exposure to 50,000+ vehicles passing daily*
+ Desirable annual CPI reviews with ratchet provisions ensuring rent will not decrease
+ Landlord-favourable, set-and-forget net lease structure with tenant responsible for outgoings including rates, insurance, management fees and land tax
+ Modern & immaculately presented 409sqm* fully equipped gym, featuring state of the-art fitness equipment, spacious training areas and premium amenities
+ Annerley: blue-chip inner-city suburb, only 5km* from the Brisbane CBD with median house prices increasing 21.7% over the past 12 months
+ Net Income: $184,560 pa* + GST
To be sold via Immediate Offers to Purchase
Please contact the exclusively appointed sales team for more information.
*Approx.
Enquire
Contact agents
Craig Chapman Sales Executive
0427 110 132Tom Lawrence Sales Executive
0428 626 117Enquiry Form
Annerley, QLD
1/ 485 Ipswich Road
For Sale by Expression of Interest
This property is part of Portfolio 172
Price: Contact Agent
Contact agents
-
Craig Chapman Sales Executive
0427 110 132 -
Tom Lawrence Sales Executive
0428 626 117