91/43 Constitution Avenue Reid ACT 2612

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