An outstanding investment opportunity in Brisbane secured for one of our clients!
The property comes with a 7-year net lease with further 5-year options extending the lease to 2036. It also boasts future Development Upside with Existing DA Approval in place for an additional 254.5m2 of net lettable area for different uses. This 1,727m2 dual street frontage property sits within Moreton Bay Council’s Township Centre Zoning and has attracted reputable franchise partners of Snap Fitness due to its prominent location in the quickly growing Moreton Bay region. Single-tenant investments positioned in high-growth areas with strong lease covenants via an established company are rarely available on the market.
report, bank fees)
Purchasing Costs
Key Highlights
• 100% occupancy secured by a reputable franchise partner of Snap Fitness who have 254 health clubs in Australia
• Located in an affluent suburb only 25Kms from the Brisbane CBD (Median House Price Circa $1.7 million)
• Affluent Population – 30.8% of the population has a Bachelor’s Degree Level of education or above (8.9% above the QLD average)
• Long 7.2 WALE by Income and Area
• Modern recent refurbishments
• Future Development Upside with Existing DA Approval in place for an additional 254.5m2
• Strong LGA Economy – City of Moreton Bay’s Gross Regional Product estimated at $19.90 billion in 2022
• Annual Increases: CPI + 1%
Get in touch
If you’re interested in joining the lucrative world of commercial property, contact us now.
