546-552 Springvale Road,
Springvale, VIC 3171

FOR SALE BY EXPRESSIONS OF INTEREST CLOSING 19th MAY

Purpose built sports centre with prominent main road exposure features:

* Total gross floor area of approx 4214 sqm.

* The tenant has set up multiple sports fields including indoor soccer fields, indoor cricket pitches and indoor netball courts.

* The rectangular building can be utilised for multiple activities in addition to sports, including for instance the tenant also conducts an indoor play centre for small children.

* Wet bar (with liquor license) and cafe facilities.

* Three sets of male and female toilets (incl one with showers / change rooms)

* Separate entrance for the Gym which includes a ground floor reception and a first floor air-conditioned gym area and toilets.

* Car parking on site for approx 138 cars

Securely Leased on the following basis:

Sports centre:

Lessee: Aker Group Pty Ltd
Term: 10 years from 1st May 2010
Current rental: As at 1st May 2011, $233,010 per
annum net + GST
Rent reviews: Annual increases in line with CPI
with a mid term market review

Telecommunications Tower Lease

Lessee; Hutchison 3G Australia Pty Ltd
Term: 20 years from 1st Feb 2004
Current rental: $24,597 per annum net + GST
Rent reviews: Annual 3% increases

Total Rental: $257,607 per annum net + GST

For more information contact Gavin Dumas 0411 878 4... or Chris Mckenzie 0418 321 0...