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Added today
KX Pilates, Suite 1/9 Balcombe Road,
Mentone, VIC 3194
Medical & Consulting
Added today
Price information
Sale - Auction Wed 7 Aug
Contact Agent
Key property information
Land area
Floor area
Property extent
Tenure type
Tenanted Investment Details
Occupancy
Fully Leased
Est. Incomep.a.
$62,400
Number of Tenants
1 Tenant
Tenants / Type
KX Pilates
Auction
Private inspections
to arrange a private inspection.
Burgess Rawson - Melbourne
Level 20, 150 Lonsdale StreetMELBOURNE, VIC 3000
![Burgess Rawson - Melbourne](https://i1.au.reastatic.net/170x46-fit/950a72b4fe70bbf7151e4d0922124c20a4e049bc768e0e3a6d9299b5721e4ed9/large.jpg)
KX Pilates, Suite 1/9 Balcombe Road
Mentone, VIC 3194
Map of KX Pilates, Suite 1/9 Balcombe Road
Train stations within 5 km of KX Pilates, Suite 1/9 Balcombe Road, Mentone, VIC 3194 Distance Mentone Station 475 m Mentone 525 m Parkdale Station 1.3 km Cheltenham Station 2.2 km Mordialloc Station 3.1 km POWERED BY HERE ©Bus stops within 5 km of KX Pilates, Suite 1/9 Balcombe Road, Mentone, VIC 3194 Distance Rogers St/Balcombe Rd (Mentone) 147 m St Patricks Primary School/Warrigal Rd (Mentone) 171 m Gouldthorp AveWarrigal Rd 196 m Savona St/Warrigal Rd (Mentone) 211 m Mitchell St/Warrigal Rd (Parkdale) 212 m POWERED BY HERE ©
POWERED BY HERE ©
New 5 Year Lease to Leading Pilates Studio | KX Pilates Established 2010, 90 Locations and Growing
- Prominent Frontage & Exposure
- Average 60,000 Vehicles Passing Daily
- Activity Centre Zoning
Ray White Commercial Glen Waverley and Burgess Rawson is pleased to offer to the market KX Pilates Mentone for sale via Portfolio Auction Investment 170.
The property has the following investment highlights:
+ New 5-year lease to January 2028 plus option to 2033 to leading pilates studio established circa 2017.
+ Successful franchisee with numerous studio locations.
+ Annual fixed 4% increases.
+ Investor preferred net lease terms with the tenant responsible for all outgoings as per the lease.
+ KX Pilates: Commenced 2010 and reputable modern exercise operator with 90 locations across Australia, New Zealand & Singapore.
+ Building Area 150sqm*
+ Two onsite car spaces & amp; storage cage on the title
+ Unsurpassed exposure from busy intersection of Nepean Hwy and Warrigal Rd. Situated in this prestigious "Archer" by Pace Development Group, and designed by Jackson Clements Burrows.
+ Excellent investment for the passive investor & superfund purchase.
+ Immaculate presented retail premises.
+ Household spending per capita on retail services in Mentone is 23% greater than the Victorian average.
+ Supported by important social infrastructure including 16 schools, servicing over 11,700 full-time students within a 2.5km radius*
+ Residential building approvals in the City of Kingston have grown by 10.4% between FY21 and FY22.****
+ Strong trade catchment with a total population of 61,000* within a 3km radius of 1 Balcombe Road*****
+ Mentone: booming bayside suburb, 21km from the Melbourne CBD. Median house price $1,470,000, up 17.4% in the last 12 months and a population growth forecast of 23%+ by 2041.***
+ Net Income: $62,400 pa* plus GST
For Sale via Portfolio Auction Investment 170
10.30am (AEST) on Wednesday, 7th August 2024
Crown Casino, Melbourne
* Approx
***
****
*****
The property has the following investment highlights:
+ New 5-year lease to January 2028 plus option to 2033 to leading pilates studio established circa 2017.
+ Successful franchisee with numerous studio locations.
+ Annual fixed 4% increases.
+ Investor preferred net lease terms with the tenant responsible for all outgoings as per the lease.
+ KX Pilates: Commenced 2010 and reputable modern exercise operator with 90 locations across Australia, New Zealand & Singapore.
+ Building Area 150sqm*
+ Two onsite car spaces & amp; storage cage on the title
+ Unsurpassed exposure from busy intersection of Nepean Hwy and Warrigal Rd. Situated in this prestigious "Archer" by Pace Development Group, and designed by Jackson Clements Burrows.
+ Excellent investment for the passive investor & superfund purchase.
+ Immaculate presented retail premises.
+ Household spending per capita on retail services in Mentone is 23% greater than the Victorian average.
+ Supported by important social infrastructure including 16 schools, servicing over 11,700 full-time students within a 2.5km radius*
+ Residential building approvals in the City of Kingston have grown by 10.4% between FY21 and FY22.****
+ Strong trade catchment with a total population of 61,000* within a 3km radius of 1 Balcombe Road*****
+ Mentone: booming bayside suburb, 21km from the Melbourne CBD. Median house price $1,470,000, up 17.4% in the last 12 months and a population growth forecast of 23%+ by 2041.***
+ Net Income: $62,400 pa* plus GST
For Sale via Portfolio Auction Investment 170
10.30am (AEST) on Wednesday, 7th August 2024
Crown Casino, Melbourne
* Approx
***
****
*****
Property ID: 504632472Last Updated: 5 Jul 2024
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
RWC - Glen Waverley169 Coleman Parade
GLEN WAVERLEY, VIC 3150
GLEN WAVERLEY, VIC 3150
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