9/121s Grices Clyde North VIC 3978

Shop & Retail
402 m²
Sold

Brand New 10 Year Lease to Global Health and Wellness Chain Snap Fitness

Burgess Rawson is pleased to offer to the market, Snap Fitness, Clyde North VIC for sale via our Auction Investment Portfolio 156.

The property has the following investment highlights:

+ New 10-year net lease to September 2032 plus options to 2042.
+ Snap Fitness: international health and fitness chain with 210 clubs across Australia servicing 230,000 plus members.
+ Landlord favourable lease terms with tenant paying all usual outgoings as per the lease agreement.
+ Single tenant minimum management investment.
+ Annual fixed 3% rental increases ensuring rental growth.
+ Pristine 402sqm* premises with the latest Snap Fitness tenant fit out.
+ Prominent and direct frontage to an 89-space public car park.
+ Expanding residential precinct amongst retailers including liquor, childcare, Foodworks and fast-food operators.
+ Clyde North: Melbourne's major southern growth corridor with the population forecast to increase 130.21% by 2041.**
+ Net Income: $120,900 pa* plus GST

To be sold by Investment Portfolio Auction
10:30am AEDT Wednesday 26th October 2022
Crown Casino, Melbourne

*Approx.
**Forecast.id

AUCTION

Auction date and time	26/10/2022 10:30
Auction location	Crown Casino - River Room - Melbourne

Burgess Rawson VIC Pty Ltd

Level 20, 150 Lonsdale Street

Melbourne, VIC 3000

Property Highlights

Date Sold	28 Oct 2022
Floor Area	402 m²
Land Area	402 m²
Parking	Ask Agent
Property ID	2018096666
Category	Shop & Retail
Last updated	28 Oct 2022

Map for 9/121s Grices Clyde North VIC 3978

Nearest transport* to 9/121s Grices Clyde North VIC 3978

Bus

Train

Kirrabilli Pde/Grices Rd (Berwick)	80 m
Bonnington Bvd/Grices Rd (Clyde North)	101 m
Macumba Dr/Grices Rd (Clyde North)	331 m
Leisurewood Dr/Grices Rd (Berwick)	463 m

*Within a 4km radius

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Burgess Rawson VIC Pty Ltd

Level 20, 150 Lonsdale Street

Melbourne, VIC 3000

Property Highlights

Date Sold	28 Oct 2022
Floor Area	402 m²
Land Area	402 m²
Parking	Ask Agent
Property ID	2018096666
Category	Shop & Retail
Last updated	28 Oct 2022

Co-Agents

Justin Kramersh

Burgess Rawson VIC Pty Ltd

Call

0460 349 605

Zomart He

Burgess Rawson VIC Pty Ltd

Call

0488 220 830

More about 9/121s Grices Clyde North VIC 3978

9/121s Grices Clyde North VIC 3978 is categorized as Shop & Retail Property. It has a floor area of 402 m² and a land area of 402 m². The listing ID for this property is 2018096666.