Knight Frank Central Coast would like to present to the market for Sale via Public Auction, Mariners Aquatic Centre, being Lot 5 of 1 Bryant Drive, Tuggerah.
Importantly the falling cash rate now supports an improved effective net yield and a healthy, growing return for this amazing investment.
This high-quality aquatic centre houses a thriving established business and boasts a superior location close to Tuggerah Railway Station, Westfield Tuggerah, the M1 Sydney to Newcastle Motorway.
It is perfectly situated for maximum exposure and accessibility for the reputable and well-known 5-Star Swim School and pool.
Featuring over 1,140 sqm* under-roof, this aquatic centre includes a 12.5m x 6.6m learn-to-swim pool, a 25m x 13.5m squad pool, male and female amenities, change rooms, a staff room, an office, and a rear loading dock. Additionally, this facility includes quality, near new, and fully operational pool equipment and an acoustic design with a baffling system for optimal sound control. Bonus massive solar system installed by the current owner for the tenant.
Currently leased to 5 Star Swim Schools, a highly experienced swim school operator with a ten-year lease term from 1/12/2020 to 30/11/2030, this facility generates a steady income of $168,959 p.a. net + GST, with 3% annual rent increases and the lessee paying outgoings. Plus, there are two five-year options to renew. 5 Star Swim Schools have 5 operations on the Central Coast, with this centre the jewel in the crown of their business model.
With extensive glazing for maximum natural light and exposure, this facility also boasts an abundance of ventilation, creating a fresh, bright and welcoming environment for patrons.
Don't miss out on this amazing opportunity to invest in a high-quality aquatic centre in a prime location for a fraction of the replacement cost (and what it actually cost to build this Federally Funded project in recent years).
The auction will be held at Knight Frank Central Coast's Boardroom at 11am, Thursday 7th August 2025, which overlooks the Aquatic Centre. The address is Suite 401, 1 Bryant Drive, Tuggerah NSW 2259.
Contact us today for more information or to arrange an inspection.
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