Burgess Rawson are delighted to present to market the Sweat Shop at 46-48 & 107/44 Ryrie Street, Geelong CBD VIC for sale via Investment Portfolio Auction 168.
This investment has the following key highlights:
+ New Ten (10) year lease to 2034 plus option to 2039.
+ Sweatshop: Established and popular fitness model with thriving business location in Armadale (800 members) offering a unique training model and world class training facilities.
+ Expansive 719 sqm* premises with dual level access and brand new fit-out over three titles.
+ 3 car spaces and 3 storage areas included on title
+ Prestigious Ryrie Street locale, within Geelong's largest and newest $200M mixed use project 'Geelong Quarter' which includes 124 residential apartments and 180-room hotel The Holiday Inn & Suites.
+ Fixed 3% annual rent increases.
+ Landlord preferred net lease structure with tenant paying all usual outgoings .
+ New construction providing maximum tax saving depreciation benefits.
+ Single tenant minimum management investment
+ Surrounded by Important infrastructure including Deakin University (4,000 + full-time students), The Gorden Geelong, Geelong Railway Station, Westfield Geelong (7.2 million visits) and the Market Square Shopping Centre.
+ City of Greater Geelong: Booming location and gateway to the Great Ocean Road and Bellarine Peninsula, with population forecast to grow 37% to 396,302 residents by 2041. (1)
+ Strong investment into major projects within the city of Greater Geelong with over 161 projects either proposed, recently completed, commenced or approved projects totalling $13.4 billion. (2)
+ Trade through the Geelong Port, Victoria's premier bulk port sees with $7 billion of trade, 12 million tonnes of product and 600 vessels passing through the port and supporting 1,800 regional jobs annually. (3)
+ Net Income: $327,200 pa* + GST.
To be sold via Burgess Rawson Investment Portfolio Auction 168
Tuesday 14 May 2024
River Room at Crown Casino, Melbourne
Please contact the Burgess Rawson team for more information.
*approx
(1) Forecast.id
(2) City of Greater Geelong Data Exchange
(3) City of Greater Geelong
