Recent 5 + 5 Year Net Lease Investment

Description

CBRE is pleased to offer to the Snap Fitness property located at 14A/32-40 Stockton Avenue, Moorebank NSW to the market for sale via Private Treaty.

The opportunity has the following investment highlights:

+ Recent 5 year net lease to 2029, with a further option extending to 2034
+ Snap Fitness: global fitness brand operating in over 1,000 locations in over 20 countries^
+ Liverpool City Council: major growth hub, home to 254,905 residents and forecast to grow 37% to 352,811 by 2046^^
+ Strategically located within the Woolworths anchored Moorebank Shopping Village
+ Generous strata area of 471sqm*, including 392sqm* on the ground floor and 79sqm* on the first floor which is accessed via internal stairs, as per the strata plan, improved by impressive state-of-the-art fit out completed in June 2024. The property is accessed via a door facing the car park which leads to a corridor which in turn leads to the property and the adjoining property
+ Attractive fixed 4% annual rent increases, ensuring compounding income growth
+ Landlord friendly net lease, tenant responsible for payment of outgoings including council rates, water rates, strata levies, land tax (single holding) and management fees, as per the lease
+ Net Income: $149,760 pa* + GST

To be sold via Private Treaty
Indicative Price: $2.5 million

Please contact the exclusively appointed sales team for more information

*Approx
^Snap Fitness
^^Forecast.id

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Contact agents
Rhys Parker Partner
0451 101 042
Flynn McFall Negotiator
0481 187 191
Ben Parsonage Junior Sales Associate
0455 331 841
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Moorebank, NSW

14A/ 32-40 Stockton Avenue

  • Sold Price: Contact Agent

This property was sold as part of Portfolio 177

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