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91/43 Constitution Avenue
Reid ACT 2612
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91/43 Constitution Avenue Reid ACT 2612

  • Hotel, Motel, Pub & Leisure
  • 395 m²
  • For Sale, For Sale

Knockout Opportunity: Punch Up Your Portfolio with this Long-Term Investment

    Burgess Rawson are pleased to exclusively present for sale, this outstanding long-term investment opportunity leased to the knockout, Rumble Boxing gym.

    Situated on the ground floor of the Jamison Apartments building, crafted by the Anglican Diocese of Canberra and Goulburn and designed by the acclaimed Cox Architecture, this 395 sqm unit boasts an exceptional fit-out valued at approximately $750,000. Positioned within a burgeoning community of young professionals aged 25-44, it offers a set and forget opportunity, strategically located just meters away from the proposed University of New South Wales campus (currently in planning with scheduled completion 2027) and a mere 1.5km from Canberra's CBD.

    Rumble; founded in New York in 2017 is part of the New York Stock Exchange listed Exponential Fitness (NYSE: XPOF) family of brands with over 2,750 locations globally. Rumble offers a unique fitness approach blending boxing-inspired circuits with resistance training for a transformative workout. Both professional and amateur boxers join forces, regardless of their fitness expertise, to tap into their inner fighter. The session is a distinctive 45-minute, 10-round experience, combining full-body cardio and strength exercises centered on specially crafted water-filled, teardrop-style boxing bags. Rumble promises effective outcomes within an upbeat, dynamic environment.

    Key Highlights:

    - 10 year lease to 2033 with options to 2038
    - 3.75% fixed annual increases ensuring growth
    - High density corporate and young professional population
    - 1.5km to Canberra's CBD
    - Close proximity to UNSW Campus attracting up to 5,000 students upon completion

    Lessee: RMBL Inner North ACT Pty Ltd
    Lease Term: 10 years
    Lease Commencement: 1st April 2023
    Lease Expiry: 31st March 2033
    Further Options: One further term of 5 years
    Increases: 3.75% Fixed per annum

    Net Income: $176,255 pa + GST
    For Sale by Private Treaty

    Agents: James Baker 0421 863 040, and Kieran Bourke, 0417 418 007

    Property Highlights

    Floor Area395 m²
    Land Area2,225 m²
    Parking8 x Onsite parkings
    Building TypePartial building
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Property ID2019278448
    Category
    Last updated  15 Jul 2024
    Map for 91/43 Constitution Avenue Reid ACT 2612

    Property Highlights

    Floor Area395 m²
    Land Area2,225 m²
    Parking8 x Onsite parkings
    Building TypePartial building
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Property ID2019278448
    Category
    Last updated  15 Jul 2024

    Listed by

    James Baker
    Burgess Rawson Canberra
    Call
    0421 863 040

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