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Burgess Rawson - Melbourne

DF Fitness, 51a McCartin Street Leongatha, VIC 3953

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DF Fitness, 51a McCartin Street,
Leongatha, VIC 3953

Shops & Retail • Medical & Consulting

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Burgess Rawson - Melbourne
Raoul Holderhead

Burgess Rawson - Melbourne

Level 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
Burgess Rawson - Melbourne
DF Fitness, 51a McCartin Street
Leongatha, VIC 3953

Map of DF Fitness, 51a McCartin Street

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Entry Level Freehold | Established Tenant

  • Long Successful Occupant
  • Impeccable Rental History
  • First time offered since 1973
Burgess Rawson and Alex Scott Leongatha are pleased to offer to the market, DF Fitness Centre in Leongatha VIC for sale via our Investment Auction Portfolio 168.

The property has the following investment highlights:

+ 5 year lease to January 2026 plus 5 + 5 year options to 2036
+ Investor preferred net lease terms with tenant paying usual outgoings as per lease
+ Fixed 2.5% annual rent increases
+ Low rent per/sqm providing for potential significant future rental uplift
+ Long established health & fitness club since circa 2003
+ Health club expanded into 51a McCartin Street since 2016
+ Long successful and experienced proprietor circa 16 years
+ Membership up circa 20% in last 12 months
+ 341 sqm* freestanding single level building, plus rear verandah
+ Prime 506sqm* freehold site with 10 metre retail frontage
+ Site includes easy rear access and parking
+ High profile Bass Hwy position, major thoroughfare connecting Latrobe Valley to Bass Coast and beyond
+ Proven location mostly central between national retail giants KHub (opposite) and Aldi (rear side) and short distance to Woolworths, IGA, CBA.
+ Potential 50% stamp duty saving
+ Leongatha: capital township of South Gippsland, rich dairy region, circa 15,000 trade catchment
+ Net Rent $28,101 pa* + GST

To be sold by Investment Portfolio Auction
10:30am (AEST) Tuesday 14 May 2024
Crown Casino, Melbourne

Property ID: 504568716Last Updated: 19 Jul 2024

Burgess Rawson - Melbourne
Level 20, 150 Lonsdale Street
MELBOURNE, VIC 3000

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