Brand New 5 Year Lease Investment | Multinational Brand Tenant

Description

Burgess Rawson is pleased to offer to the market Plus Fitness at 26 Torrens Avenue, The Entrance NSW for sale via Investment Auction Portfolio 170.

The property has the following investment highlights:

+ Brand new 5-year lease to 2029 plus options to 2034
+ Plus Fitness: High performing fitness tenant with over 200 locations across Australia, New Zealand and Asia^
+ Viva Leisure: Australian fitness brand with a 100% stake in Plus Fitness and a market cap of $141.88 million^^
+ Attractive fixed 3% annual increases, ensuring rental growth
+ Substantial 759sqm* corner freehold in close proximity to Coles and other local supporting infrastructure including The Entrance Hotel
+ Strategic positioning next to the Central Coast Highway as well as the Entrance Road, a thoroughfare through The Entrance’s business district
+ The Entrance: part of the Central Coast in NSW, 64km* east of Newcastle and 106km* north of Sydney
+ Net Income: $100,510 pa* + GST

To be sold by Investment Portfolio Auction
10:30am AEST Tuesday 6 August 2024
Yallamundi Rooms, Sydney Opera House

Please contact the exclusively appointed sales team for more information

*Approx
^plusfitness.com.au
^^marketindex.com

Enquire

Contact agents
Rhys Parker Partner
0451 101 042
Darren Beehag Partner
0411 226 223
Enquiry Form

The Entrance, NSW

26 Torrens Avenue

For Sale by Portfolio Auction
Tuesday 6th August 10:30AM Yallamundi Rooms, Sydney Opera House

This property is part of Portfolio 170

Price: Contact Agent

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