Stonebridge Property Group is pleased to present for sale Thompsons Gateway, 1060 Thompsons Road, Cranbourne West (Fernwood Fitness - Cranbourne West).
- Investors can take comfort in a favourable lease structure that is secured by Fernwood Investment Pty Ltd (head lease) and personally guaranteed by the founder of Fernwood Fitness - highlighting a strong level of confidence in the future of the club
- Tenanted on a long 15-year net lease with fixed 3% annual rental increases (providing 55.7% income growth during Term 1 of the lease)
- Fernwood Fitness is a national franchise spanning some 70+ health clubs and a membership network north of 70,000 members
- The hugely successful business originated out of Bendigo in 1989 and currently stands as Australia's leading and largest women only health club
- Fernwood was recently rated 8th overall in the 2021 national 'Top Franchises' awards
- The brand new, state of the art health club spans 948 sqm* and includes dedicated pilates, yoga, weights & change rooms, plus an exclusive 115 sqm* outdoor terrace and 12 on-title car parks
- The property is located within the high-quality Thompsons Gateway development strategically located on the well-exposed corner of Evans and Thompsons Roads
- Fernwood Fitness benefit from substantial external signage ensuring high levels of exposure to the 21,000+ cars that pass by daily
- Providing net annual income of $290,000* + GST + Outgoings with returns further bolstered by strong depreciation benefits
- Cranbourne West is located circa 38 km* southeast of the Melbourne CBD within the city of Casey
*Approximately
To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group:
Nic Hage
0448 782 594
Rorey James
0439 400 081
Kevin Tong
0422 848 818
Sarah Xi
0468 320 297
Property Code: 342
