Secure lease to 2025 + 2 x 5 year options to 2035.
Number 1 Gymnasium operator – highest number of members and highest gross and net profit for all Snap Fitness gyms internationally.
Snap Davies was awarded Snap Fitness International Franchisee of the Year at the annual Snap Fitness Convention in Las Vegas September 2014.
Substantial 3,078 sqm site with prime Bruce Hwy frontage & exposure.
1,576 sqm net lettable area.
Significant infrastructure investment nearby with Galilee Basin, Bowen Basin and Great Barrier Reef tourism.
Estimated fit-out expenditure by tenant in excess of $2.2m.
Rental bond and director’s personal guarantees.
On-site parking for 39 vehicles.
Good depreciation allowances available.
Annual CPI reviews.
Net Income: $257,446 pa + GST.