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51a McCartin Street
Leongatha VIC 3953
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Sold on 14 May 2024

51a McCartin Street Leongatha VIC 3953

  • Shop & Retail
  • 341 m²
  • Sold

Entry Level Freehold | Established Tenant

    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

    Bidder registration required, register here.

    AUCTION

    Auction date and time14/05/2024 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 Sold14 May 2024
    Floor Area341 m²
    Land Area506 m²
    ParkingAsk Agent
    Property ID2019185560
    Category
    Last updated  16 May 2024
    Map for 51a McCartin Street Leongatha VIC 3953
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold14 May 2024
    Floor Area341 m²
    Land Area506 m²
    ParkingAsk Agent
    Property ID2019185560
    Category
    Last updated  16 May 2024

    Co-Agents

    Raoul Holderhead
    Burgess Rawson VIC Pty Ltd
    Call
    0413 860 304
    Burgess Rawson VIC Pty Ltd
    Call
    0402 940 320
    Burgess Rawson VIC Pty Ltd
    Call
    0497 844 705

    More about 51a McCartin Street Leongatha VIC 3953

    51a Mccartin Street Leongatha VIC 3953 is categorized as Shop & Retail Property. It has a floor area of 341 m² and a land area of 506 m². The listing ID for this property is 2019185560.

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