Gym securely leased for 10 years to established operator.
Snap Fitness: circa 200 outlets nationwide.
Annual 4% increases.
Major new developments nearby including the new Sydney conference centre and the new fish market redevelopment.
Strong corner location at busy crossroads.
Pyrmont is the most densely populated postcode in Australia with 12,000 local residents.
Local white collar workforce of over 15,000 employees and growing.
615 sqm of prime CBD fringe property.
Tenant pays all outgoings as per lease.
Net Income: $304,500 pa + GST (Gym + Cafe).

Indicative Asking Price $4,250,000 (7.20%)

Michael Gilbert 0430 024 790
Andrew Vines 0423 108 880