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Sold on 27 Apr 2017

FITNESS FIRST BAYSIDE/241-245 BAY ROAD Cheltenham VIC 3192

  • Retail
  • 9,057 m²
  • Sold

FITNESS FIRST BAYSIDE

Freestanding retail investment with a 15 year net lease to Fitness First (exp Feb 2025), with no options

9,057sqm of irreplaceable bayside land, with dual street frontages

Lease is guaranteed by Fitness First Limited (listed entity) with 65 clubs around Australia

Favourable net lease structure with fixed annual increases of a minimum of 3%

5,335sqm facility with a massive at grade car park for over 195 vehicles

Net annual income of $1,194,054 (plus GST)

FOR SALE VIA PUBLIC EXPRESSIONS OF INTEREST CLOSING THURSDAY 16TH MARCH 2017 AT 5.00PM

CBRE
Mark Wizel
+61 409 809 868

Justin Dowers
+61 438 098 805

Kevin Tong
+61 422 848 818

Nichols Crowder
Matt Nichols
+61 418 186 488

Julian Vautin
+61 420 406 660

James Glen
+61 401 493 277

Property Highlights

Property ID2013384020
Date Sold27 Apr 2017
Floor AreaAsk Agent
Land Area9,057 m²
ParkingAsk Agent
Category
Last updated  21 Sep 2017
Map for FITNESS FIRST BAYSIDE/241-245 BAY ROAD Cheltenham VIC 3192
CBRE Melbourne
Level 34, 8 Exhibition Street Melbourne VIC 3000

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