55 Grant Road,
Somerville, VIC 3912

The YMCA has become available for investors looking for a solid commercial investment. The property is currently leased at $181,959 per annum (net), with the current lease expiring on 2nd April 2019, and with a further 3-year option.

Located on land of 5,037sqm, the modern 1,841sqm building (including a 268sqm mezzanine) contains a 25-metre heated indoor swimming pool, a hydro pool, gym, cardio room, other fitness areas, change rooms, and a café. The property is zoned Industrial 3 and has extensive parking for around 80 cars.

Features at a glance include:

• Rental of $181,959 PA (net) with an automatic increase to $193,331 PA (net) on the 3/4/18
• Land area of 5,037 m2 (approx.)
• Modern 1,841 m2 building area (approx.)
• Lease ends on the 2/4/19 with a further option of 3 years
• $75,000 security deposit
• Lessee owns all plant and equipment
• Fixed CPI rental increases
• Tenant to refurbish the building at the end of every lease term
• Built in 2007 (approx.)

Interested parties can arrange an inspection of the property via the contacts below.

NB: All areas and measurements are approximate. All prices are plus GST, unless otherwise stated.

For further details contact Tom Crowder 0438 670 3... or Michael Crowder 0408 358 9....

PLEASE NOTE:

* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright.

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