DKSN, 101/23 Challis Street,
Dickson, ACT 2602

Burgess Rawson is pleased to present this exceptional investment opportunity exclusively available in the market, with a lease secured by the award-winning Club Lime Gym (Viva Leisure) in the new DKSN precinct.

Viva Leisure is an ASX listed powerhouse with over 370 facilities Australia Wide including brands such as Club Lime, Hiit Republic, Ground Up, Plus Fitness, Swim School, Rebalance, Pscycle Life and more. This Club Lime site is a highly strategic site catering to the inner north and large public sector workforce in situ. In addition, the brand-new Viva Leisure National Head Office is being fitted out adjoined to the gym further showcasing the commitment to the area.

With an incredible 10-year net lease with 4% increases and multiple options this investment is a long-term hold to an outstanding international tenant with additional sites in NZ and India. The lease is a corporate lease to ASX listed Viva Leisure with over 12,500,000 unique visits per annum averaging over 20,000 per day.

This investment is brand new, utilizes state of the art technology and integration, including online, app enabled machines, Club Lime DAB radio and other industry leading technology.

This asset provides substantial depreciation and ability to claim the stamp duty in full as a loss through your tax in the first year of ownership.

DKSN, the dynamic new precinct in Canberra, is set to become the shining star of the urban scene, surpassing all other developments. Situated on the prominent Northbourne Avenue and spanning over 16,252 square metres, DKSN is poised to transform Dickson and its surrounding area into a thriving hub of activity and vitality, catering to all your daily needs. This comprehensive precinct offers a seamless integration of work, living, and entertainment, featuring over 50 providers including childcare services, allied health facilities, a supermarket, a dining zone, professional office suites, a gym, government offices, and a variety of retail options, with a built-in residential population.

The newly completed DKSN South Tower, developed and constructed by DOMA-Englobo, represents a top-tier development that seamlessly integrates lifestyle, business, and retail spaces. The DKSN precinct is a dynamic hub, encompassing a wide range of high-level businesses, over 700 residents, numerous retail and food establishments, medical centers, a Club Lime gym, a supermarket, and an array of forthcoming additions.

Dickson is a vibrant suburb in Canberra, Australia. Known for its diverse community and bustling atmosphere, Dickson offers a wide range of amenities and attractions. It features a popular shopping precinct, with a variety of retail stores, restaurants, cafes, and entertainment venues. Dickson is also home to a multicultural food scene, offering an array of international cuisines. The suburb has convenient access to public transportation and is located close to major landmarks and employment centers in Canberra. Additionally, Dickson hosts regular community events and has a strong sense of community spirit. Positioned as the primary transportation hub for Canberra's modern light rail and bus network, DKSN is set to become the focal point that outshines the nearby city center and Braddon hotspot.

Highlights Include:
- 672sqm with air conditioning and amenities
- 1 Tenant Carparks in Basement
- Large member base
- 15,000 + Daily Commuters
- 2,500+ Employees
- Major Light Rail stop
- Bus interchange for North Canberra
- 280+ public car spaces
- Gym, Medical Centre, Supermarket, Government Office and Childcare Centre.

Lessee: Viva Leisure (Club Lime)
Lease Term: 10 years
Lease Commencement: 9 January 2023
Lease Expiry: 8 January 2033
Further Options: 2 x 5 years
Increases: 4% Fixed per annum

Net Income: $230,550 per annum

Circa 6.00% Net Yield

For more information, please reach out to Guy Randell on 0430 272 9... or James Baker on 0421 863 0...