Purchased

Prime Property In Melbourne

  • Net income of $654,412, (after 100% of outgoings including mgt fees and land tax)
  • Constructed 2009, therefore offering depreciation benefits, and available well below replacement cost
  • General residential zoning, indicating the potential for future residential development

Building Type: Retail
Building Area: 2,220m2

Land Area:6,000m2 (corner site)
WALE:

This high-yielding investment opportunity is located in Melbourne. The freehold commercial property features two thriving tenants: Genesis Gym, a dynamic enterprise boasting over 2,000 members, and a sought-after swim school with bookings scheduled months in advance. These impressive tenancies ensure consistent income and security for our savvy investor client. Acquired exclusively off-market by Rethink Investing this exceptional asset outperforms the average 6% yield for similar investments with an outstanding 8.44% net return—evidence of its excellent value.

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