This Bayside investment ticks all the boxes, featuring a strong tenant, a quality lease, and a high-profile position along the highly sought-after Hampton Street retail strip. With strong returns and growth potential, this is a rare chance to secure a property in one of the most tightly held areas in Bayside.
Leased to Body Catalyst, with a national network of body sculpting clinics, this investment is backed by a brand that is dedicated to providing cutting-edge non-invasive treatments. Body Catalyst is a leader in the wellness industry, with a strong customer base and a reputation for excellence, ensuring long-term stability and reliability as a tenant.
The space has been immaculately fitted out, featuring four treatment rooms behind a welcoming reception area. At the rear, the property offers a kitchen, staff room, and dual amenities, ensuring a comfortable and functional space. Additionally, there is a secure car space with rear street access for convenience.
Currently returning $48,692.73 p/a + outgoings & GST, with a lease extending until April 2027 and 3% annual rent increases, this property provides a solid and consistent yield.
Hampton Street is renowned for its premium reputation and high demand, with a low vacancy rate driven by its strong demographic and reputation. This contributes to limited vacancies and strong rental growth along the retail strip, making this a rare and highly desirable investment in one of Bayside's most coveted locations.
Key features include:
* Well positioned shop: 122sqm*
* Currently returning $48,692.73 p/a + outgoings & GST
* Lease expires in April 2027
* 3% annual rent increases
* Impressive tenant fit-out by Body Catalyst
* Excellent internal lighting with generous ceiling height
* Heating and cooling
* Four well-fitted treatment rooms
* Kitchen and staff room
* Dual amenities
* Welcoming front reception area
* One (1) secure car space allocated at the rear
For further details or to arrange an inspection please contact:
James Glen 0401 493 277
David McIntosh 0407 850 909
DISCLAIMER:
* 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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