CBRE Metropolitan Investments are excited to present this high yielding investment property to the market.
Occupied by Healthworks Fitness Centre Marden, this property is a prime opportunity for the many investors who are looking for an opportunity returning approximately 7% in a market which is seeing investment property being hotly contested. Operating continuously as a gym since 1997, the current tenant has been in occupation since the 16th of September 2019 on an initial 3-year term with two further options of 5-years to renew.
This brilliant offering is perfectly positioned on Lower Portrush Road, just north of the Marden Shopping Centre and minutes from the CBD. With the local community mostly comprising upper-class young families, the gym has a great occupancy rate with many of the locals using it and its surrounding sports fields as their main areas of exercise.
The property is highlighted with these key facts:
- Annual rental of $95,996 net
- New 3-year lease from the 16th of September 2019
- A further 10-years available for extension
- High yielding investment opportunity in a tight market
- Neat and tidy fit-out of 782sqm*
- Zoned Community Uses in the City of Norwood Payneham St Peters
For Sale by Expressions of Interest closing Thursday 25th of March 2021 at 4:00pm
