For Sale by way of public auction are unit titles 141 and 142 of 51 Constitution Avenue and unit titles T3, T4 and T5 of 59 Constitution Avenue both currently leased to Viva Leisure. This presents as a great opportunity to invest in an ASX listed company, being one of Australia’s fastest growing gym brands in HIIT Republic and Club Lime.
The ACT economy has proven to be a resilient and stable market through the pandemic with the Health and Wellness sector recovering quickly with minimal down time in trading. Viva Leisure have a dominant market share within the ACT totalling 48 health clubs and growing.
LOCATION
51-59 Constitution Avenue, Campbell is located within the highly sought after C5 residential and commercial precinct. Situated 1.3 kilometers from the Canberra CBD and within proximity to some of Canberra’s leading tourist attractions such as The War Memorial and Lake Burley Griffin, and walking distance for working personnel at Russell Defence Offices. UNSW new campus will be built 650 meters down the road and will accommodate up to 6,000 students.
LEASE COVENANT
Viva Leisure Group operates health clubs (gymnasiums) within the health and leisure industry. Viva Leisure was founded in Canberra, ACT before publicly listing on the stock exchange in 2019. Viva Leisure has continued to expand Nationally and recently Internationally (New Zealand and India) taking its total facilities under management to 328.
Units T3, T4 and T5 of 59 Constitution Avenue -
Club Lime Investment Highlights:
+ 8.5 year WALE
+ Current net passing income - $216,151* Pa
+ 3.5% fixed annual rent increases
+ ASX listed lease covenant
+ Located in a master planned precinct
+ Well connected location with further enhancements
+ Long term secure income
Unit title 141 and 142 of 51 Constitution Avenue -
HIIT Republic investment highlights:
+ 3.18 Year WALE
+ Current net passing income - $84,370* Pa
+ 3.5% fixed annual rent increases
+ ASX listed lease covenant
+ Located in a master planned precinct
+ Well connected location with further enhancements
+ Rapid growth business
For more information on this exciting opportunity please reach out to the exclusive sales agents at CBRE.
Approx*