Burgess Rawson is pleased to offer to the market, Snap Fitness, Clyde North VIC for sale via our Auction Investment Portfolio 156.

The property has the following investment highlights:

+ New 10-year net lease to September 2032 plus options to 2042.
+ Snap Fitness: international health and fitness chain with 210 clubs across Australia servicing 230,000 plus members.
+ Landlord favourable lease terms with tenant paying all usual outgoings as per the lease agreement.
+ Single tenant minimum management investment.
+ Annual fixed 3% rental increases ensuring rental growth.
+ Pristine 402sqm* premises with the latest Snap Fitness tenant fit out.
+ Prominent and direct frontage to an 89-space public car park.
+ Expanding residential precinct amongst retailers including liquor, childcare, Foodworks and fast-food operators.
+ Clyde North: Melbourne’s major southern growth corridor with the population forecast to increase 130.21% by 2041.**
+ Net Income: $120,900 pa* plus GST

To be sold by Investment Portfolio Auction
10:30am AEDT Wednesday 26th October 2022
Crown Casino, Melbourne

*Approx.
**Forecast.id