Retail

Stonebridge Property Group is pleased to present for sale Fernwood Fitness Clayton.

The key highlights of the opportunity include:

- Prime Princes Highway fronting 1,064 sqm* large format retail store with highly accessible rear access and surplus surrounding car parking

- Tenanted by Fernwood Fitness on a 10.5 year lease with fixed 3% annual rental increases

- Fernwood Fitness - a national powerhouse in health and fitness with 70+ clubs, a membership network of 70,000+* and a significant 65.8% market share^

- Favourable lease that is personally guaranteed by the founder of Fernwood Fitness – highlighting a high level of confidence in the future of the longstanding tenant

- Strategically located opposite the $800 million development M-City - Melbourne’s largest mixed use development anchored by Woolworths and Kmart

- 1866 Princes Highway is part of the Wareca Homecare Centre, a thriving precinct bolstered by Pet Barn, Auto Barn, and 250+ free car parks

- The property is positioned on Princes Highway, a major arterial road connecting Melbourne’s south-eastern suburbs, providing significant exposure to 67,000* passing cars daily

*Approximately
^Source: Ibis

Fernwood Fitness Clayton is offered for sale via National Investment Sales Expressions of Interest closing Wednesday 28th June 2023 at 5.00pm (AEST). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.

Nic Hage
0448 782 594

????
Sarah Xi ???
0468 320 297
??? sarahxi565

Rorey James
0439 400 081

Property Code: 673