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FITNESS FIRST BAYSIDE/241-245 BAY ROAD
Cheltenham VIC 3192
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Sold on 27 Apr 2017

FITNESS FIRST BAYSIDE/241-245 BAY ROAD Cheltenham VIC 3192

  • Shop & Retail
  • 5 m²
  • Sold

FITNESS FIRST BAYSIDE

    Freestanding retail investment with a 15 year net lease to Fitness First (exp Feb 2025), with no options

    9,057sqm of irreplaceable bayside land, with dual street frontages

    Lease is guaranteed by Fitness First Limited (listed entity) with 65 clubs around Australia

    Favourable net lease structure with fixed annual increases of a minimum of 3%

    5,335sqm facility with a massive at grade car park for over 195 vehicles

    Net annual income of $1,194,054 (plus GST)

    CBRE
    Mark Wizel
    +61 409 809 868

    Justin Dowers
    +61 438 098 805

    Kevin Tong
    +61 422 848 818

    Nichols Crowder
    Matt Nichols
    +61 418 186 488

    Julian Vautin
    +61 420 406 660

    James Glen
    +61 401 493 277

    CBRE
    CBRE
    Level 34, 8 Exhibition Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold27 Apr 2017
    Floor Area5 m²
    Land Area9,057 m²
    ParkingOn site parking available
    Building TypeWhole building
    Property ID2013384020
    Category
     Shop & Retail
     Development / Land
     Factory, Warehouse & Industrial
    Last updated  3 Oct 2023
    Map for FITNESS FIRST BAYSIDE/241-245 BAY ROAD Cheltenham VIC 3192
    CBRE
    CBRE
    Level 34, 8 Exhibition Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold27 Apr 2017
    Floor Area5 m²
    Land Area9,057 m²
    ParkingOn site parking available
    Building TypeWhole building
    Property ID2013384020
    Category
     Shop & Retail
     Development / Land
     Factory, Warehouse & Industrial
    Last updated  3 Oct 2023

    Co-Agents

    Matt Nichols
    Matt Nichols
    Nichols Crowder Property Moorabbin
    Call
    0418 186 488
    Julian Vautin
    Julian Vautin
    Nichols Crowder Property Moorabbin
    Call
    0420 406 660

    Enquire about this property

      Contact information

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              More about FITNESS FIRST BAYSIDE/241-245 BAY ROAD Cheltenham VIC 3192

              Fitness First Bayside/241-245 Bay Road Cheltenham VIC 3192 is categorized as Shop & Retail Property. It has a floor area of 5 m² and a land area of 9,057 m². The listing ID for this property is 2013384020.

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