The YMCA has become available for investors looking for a solid commercial investment. The property is currently leased at $181,959 per annum (net), with the current lease expiring on 2nd April 2019, and with a further 3-year option.
Located on land of 5,037sqm, the modern 1,841sqm building (including a 268sqm mezzanine) contains a 25-metre heated indoor swimming pool, a hydro pool, gym, cardio room, other fitness areas, change rooms, and a café. The property is zoned Industrial 3 and has extensive parking for around 80 cars.
Features at a glance include:
• Rental of $181,959 PA (net) with an automatic increase to $193,331 PA (net) on the 3/4/18
• Land area of 5,037 m2 (approx.)
• Modern 1,841 m2 building area (approx.)
• Lease ends on the 2/4/19 with a further option of 3 years
• $75,000 security deposit
• Lessee owns all plant and equipment
• Fixed CPI rental increases
• Tenant to refurbish the building at the end of every lease term
• Built in 2007 (approx.)
Interested parties can arrange an inspection of the property via the contacts below.
NB: All areas and measurements are approximate. All prices are plus GST, unless otherwise stated.
For further details contact Tom Crowder 0438 670 300 or Michael Crowder 0408 358 926.
