Ray White Commercial Glen Waverley and Burgess Rawson is pleased to offer to the market KX Pilates Mentone for sale via Private Treaty.

The property has the following investment highlights:
+ New 5-year lease to January 2028 plus option to 2033 to leading pilates studio established circa 2017.
+ Successful franchisee with numerous studio locations.
+ Annual fixed 4% increases.
+ Investor preferred net lease terms with the tenant responsible for all outgoings as per the lease.
+ KX Pilates: Commenced 2010 and reputable modern exercise operator with 90 locations across Australia, New Zealand & Singapore.
+ Building Area 150sqm*
+ Two onsite car spaces & amp; storage cage on the title
+ Unsurpassed exposure from busy intersection of Nepean Hwy and Warrigal Rd. Situated in this prestigious “Archer’ by Pace Development Group, and designed by Jackson Clements Burrows.
+ Excellent investment for the passive investor & superfund purchase.
+ Immaculate presented retail premises.
+ Household spending per capita on retail services in Mentone is 23% greater than the Victorian average.
+ Supported by important social infrastructure including 16 schools, servicing over 11,700 full-time students within a 2.5km radius*
+ Residential building approvals in the City of Kingston have grown by 10.4% between FY21 and FY22.****
+ Strong trade catchment with a total population of 61,000* within a 3km radius of 1 Balcombe Road*****
+ Mentone: booming bayside suburb, 21km from the Melbourne CBD. Median house price $1,470,000, up 17.4% in the last 12 months and a population growth forecast of 23%+ by 2041.***
+ Net Income: $62,400 pa* plus GST (current)
+ Net Income $64,896 pa’ plus GST (Jan 2025)

To be sold via Private Treaty.

* Approx
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