480 Pacific Highway St Leonards NSW 2065

Exclusive listing agents, Knight Frank, are delighted to present Virgin Active - St Leonards For Sale via Expressions of Interest.

This bankable investment offers a strong income from a globally renowned lifestyle tenant, underpinned by a sought after Lower North Shore location.

Key Investment Highlights:

- Global covenant in Virgin Active.
- New 10 year lease till 2029, with options till 2039.
- Gross Annual Income of $895,000.
- Fixed 3.25% rental increases, per annum.
- 1,100sqm* Net Lettable Area with 13 parking spaces.
- Immediate Access to Crows Nest Metro Station and St Leonards Transport Hub.
- Strong growth location, neighboring Royal North Shore and Marter Hospitals.
- Future subdivision potential (STCA).

For Sale by Expressions of Interest closing 4:00PM (AEST) Thursday 6 June 2019.

*All areas are of approximate value only and are subject to final survey.