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434 Main Road
Glenorchy TAS 7010
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Sold on 9 Sep 2024

434 Main Road Glenorchy TAS 7010

  • Hotel, Motel, Pub & Leisure
  • 384 m²
  • Sold

High Profile Versatile Freehold Investment Leased to International Giant | Adjacent to Hungry Jacks

    Burgess Rawson in conjunction with Edwards Windsor Real Estate are pleased to offer to the market Zap in Glenorchy Tasmania for sale via Auction Investment Portfolio 170.

    The property has the following key investment highlights:

    + Recently renewed Six (6) Year lease to Zap Fitness to 2031 plus options to 2043.
    + Zap Fitness: Tasmanian founded and now part of Fitness & Lifestyle Group with over 80 24/7 Clubs Australia-wide and growing.
    + Fitness & Lifestyle Group: Backed by Quadrant Capital, F&LG are an international fitness powerhouse with 500+ locations, 8,900 employees and over 850,000 members Australia wide.
    + Fitness & Lifestyle Group: Operates household brands Goodlife Health Clubs, Fitness First, Jetts Fitness, California Fitness and Yoga, Barry's Bootcamp, Emily Skye Fit and Zap Fitness.
    + Highly sought after fixed annual 3% rental increases leading to guaranteed compounding rental growth.
    + High profile, prime 1,175sqm* site, important 24 car spaces and favourable height overlay for future development (STCA).
    + Modern and immaculately presented 384sqm* building with huge exposure to busy Main Road.
    + Located within the prime shopping precinct of Glenorchy directly opposite Northgate Shopping Centre anchored by Coles, Woolworths and 165 speciality retail stores.
    + Glenorchy: Largest Hobart LGA with a catchment of over 106,000 people
    + Hobart: Administrative capital of Tasmania with a total population of over 250,000 people
    + Tasmania: Has consistently led the nation over the past 3 years in CommSec's state of the state economic report currently number #2 in equipment spending.
    + Minimal management investment
    + Estimated Net Income: $133,889* pa plus GST

    To be sold by Investment Portfolio Auction:
    10:30am (AEST) Wednesday 7 August 2024
    River Room, Crown Casino, Melbourne

    * Approx

    AUCTION

    Auction date and time07/08/2024 10:30
    Auction locationCrown Casino - River Room - Melbourne
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold9 Sep 2024
    Floor Area384 m²
    Land Area1,175 m²
    ParkingAsk Agent
    Property ID2019358298
    Category
    Last updated  9 Sep 2024
    Map for 434 Main Road Glenorchy TAS 7010
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold9 Sep 2024
    Floor Area384 m²
    Land Area1,175 m²
    ParkingAsk Agent
    Property ID2019358298
    Category
    Last updated  9 Sep 2024

    Co-Agents

    Matthew Wright
    Burgess Rawson VIC Pty Ltd
    Call
    0458 290 588
    Burgess Rawson VIC Pty Ltd
    Call
    0418 395 157
    Burgess Rawson VIC Pty Ltd
    Call
    03 9613 0400
    Natalie Couper
    Burgess Rawson VIC Pty Ltd
    Call
    0413 856 983

    More about 434 Main Road Glenorchy TAS 7010

    434 Main Road Glenorchy TAS 7010 is categorized as Hotel, Motel, Pub & Leisure Property. It has a floor area of 384 m² and a land area of 1,175 m². The listing ID for this property is 2019358298.

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