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World Gym Stafford (Brisbane), 280 Stafford Rd Stafford QLD 4053

  • Shop & Retail
  • 1,698 m²
  • Expressions of Interest

Prime Land Rich Metro Investment - New 10 Year Lease to Global Operator

  • Brand new 10 year lease to 2032
  • Major 5,514 sqm* “district centre” site
  • Outstanding location only 6 km* to CBD

Stonebridge National Investment Sales is pleased to present to the market, World Gym Stafford (Brisbane), for sale via Expressions of Interest.

The asset has the following key investment features:

- Brand new 10 year lease to 2032 + options to 2048

- World Gym - Longstanding, global 'large format' health & fitness operator established 1976, boasting a resilient and proven business model across 215 locations in 20 countries

- Land rich 5,514 sqm* site with 106 car parks, underpinned by flexible 'district centre' zoning, allowing for a multitude of future uses including medium density residential, supermarket, retail centre, hardware, showroom, childcare, aged care & retirement, government and community uses (STCA)

- Absolute prime location on Stafford Road - one of Brisbane's premier retail and lifestyle precincts, home to Stafford City Shopping Centre, Bunnings and a plethora of national retailers

- High profile, convenient position with dual street access to Stafford Road (28,537 vehicles daily*) and Rhodes Street

- State-of-the-art, newly refurbished large format offering set across 2,492 sqm* of NLA (including mezzanine), providing significant depreciation benefits

- Stafford - Well established metro 'in-fill' residential and commercial suburb only 6km to CBD, undergoing significant renewal and regentrification driven by convenience and inner-city affordability

- Successful World Gym drawing from a large trade catchment and boasting a significant membership base

- Secure lease structure - Tenant pays outgoings as per lease

- Significant tax depreciation benefits with 80% of the first years rent potentially tax free

- Annual rent increase the greater of CPI or 2.5%

- Net Income $640,000 pa* + GST

*Approximate

The Investment is for sale via Expressions of Interest closing Thursday 7th July at 1pm.

Please contact the exclusively appointed Stonebridge property professionals for more information.

EXPRESSION OF INTEREST

Closing date and time07/07/2022 13:00
Recipient nameAsk Agent
Delivery addressAsk Agent

Property Highlights

Floor Area1,698 m²
Land Area5,514 m²
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2017855085
Category
Last updated  22 Jun 2022
Map for World Gym Stafford (Brisbane), 280 Stafford Rd Stafford QLD 4053

Property Highlights

Floor Area1,698 m²
Land Area5,514 m²
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2017855085
Category
Last updated  22 Jun 2022
Level 24/10 Eagle St Brisbane City QLD 4000
Tom Moreland
Tom Moreland
Stonebridge Property Group Pty Ltd
Michael Collins
Michael Collins
Stonebridge Property Group Pty Ltd

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