Double Frontage Retail Investment. High Yield Circa 5.66%
CVA Property Consultants are pleased to offer this outstanding investment for Private Sale.
A double frontage and great brand name tenant are features of this large retail property, operating as Anytime Fitness. The tenant has invested a substantial amount into the current fitout together with the latest fitness equipment. The tenant operates 3 fitness centres including Eastland, North Ringwood and Lilydale.
Situated within the thriving North Ringwood Shopping Centre anchored by Ritchies Supa IGA supermarket, Dominos Pizza, Bakers Delight, ANZ and Commonwealth Banks.
- Tenant operating as Anytime Fitness
- Rental $114,736.33 per annum (effective from 1st February 2018)
- Lease 5+5+5 years
- Commenced 1st February 2015
Anytime Fitness is a 24-hour health and fitness club. The company operates over 3,000 franchised locations in 20 countries. The gym facilities are open 24 hours a day, 365 days out of the year. Anytime Fitness was founded in 2002 and was the fastest growing health club in 2014.
This sought-after shopping centre is prominently situated at 204 Warrandyte Road corner Oban Road, Ringwood North, approximately 25 km North East of the Melbourne Central Business District. The location features an established residential population and is 2.5kms* from Eastland Shopping Centre, Ringwood Public Transport hub and Ringwood Bypass/Eastlink.
Inspections available by appointment through exclusive sole agents.
* approximately