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Sold on 27 Apr 2017

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

  • Shop & Retail
  • 5 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)

    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

    Matt Nichols
    Nichols Crowder Property Moorabbin
    Matt Nichols
    Nichols Crowder Property Moorabbin
    Julian Vautin
    Nichols Crowder Property Moorabbin
    Julian Vautin
    Nichols Crowder Property Moorabbin

    Property Highlights

    Property ID2013384020
    Date Sold27 Apr 2017
    Floor Area5 m²
    Land Area9,057 m²
    ParkingOn site parking available
    Building TypeWhole building
    Category
    Last updated  19 Nov 2020
    Map for FITNESS FIRST BAYSIDE/241-245 BAY ROAD Cheltenham VIC 3192
    Map for FITNESS FIRST BAYSIDE/241-245 BAY ROAD Cheltenham VIC 3192FITNESS FIRST BAYSIDE/241-245 BAY ROAD Cheltenham VIC 3192
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    • Purchase price

      $
      1,234,567

    • Deposit available

      $
      123,456

    • Loan term

      30
      years

    • Interest rate

      3.00
      %

    repayments

    $0/month*

    Find out your loan options

    Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

    Matt Nichols
    Nichols Crowder Property Moorabbin
    Matt Nichols
    Nichols Crowder Property Moorabbin
    Julian Vautin
    Nichols Crowder Property Moorabbin
    Julian Vautin
    Nichols Crowder Property Moorabbin

    Property Highlights

    Property ID2013384020
    Date Sold27 Apr 2017
    Floor Area5 m²
    Land Area9,057 m²
    ParkingOn site parking available
    Building TypeWhole building
    Category
    Last updated  19 Nov 2020
    CBRE Melbourne
    Level 34, 8 Exhibition Street Melbourne VIC 3000
    Matt Nichols
    Nichols Crowder Property Moorabbin
    Matt Nichols
    Nichols Crowder Property Moorabbin
    Julian Vautin
    Nichols Crowder Property Moorabbin
    Julian Vautin
    Nichols Crowder Property Moorabbin

    Ask Matt Nichols about this property

    Matt Nichols

    Matt Nichols

    Nichols Crowder Property Moorabbin

    Julian Vautin

    Julian Vautin

    Nichols Crowder Property Moorabbin

    0418 *** ***
    0418 186 488

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