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11 Commercial Drive, Springfield, QLD, 4300

2. Property Highlights

  • ASX Listed Viva Leisure (ASX:VVA)
  • Brand new 7-year triple net lease
  • Certain 3.25% p.a income growth

CBRE Retail Investments are pleased to present to market Club Lime, Springfield.

- Brand new 7 year triple net lease, with options extending to 2040, underpinned by ASX listed Viva Leisure (ASX:VVA).

- Strategic 2,347sqm* freehold site positioned in one of Springfield’s major retail precincts alongside Hungry Jacks and opposite the Coles anchored Springfield Fair.

- Well-designed 1,107sqm* single level fitness centre with 21 allocated on-grade car parks, plus an additional 27 on-grade shared car parks.

- Recently constructed in 2023, offering substantial depreciation benefits and a tax-effective income stream.

- Located 22km* south-west of the Brisbane CBD in the heart of Springfield City, Australia’s largest master-planned city, with the population forecast to grow 130% by 2036^.

- Single tenanted investment 100% leased to ASX listed Viva Leisure (ASX:VVA), with a market cap of $126.85** million and operates over 370 facilities nationally.

- Net Income $341,000* per annum + GST.

Club Lime, Springfield is being offered for sale via Expressions of Interest closing Wednesday 22nd November 2023 at 4:00pm (AEST).

For further information on this opportunity, please reach out to the sales and marketing agents.

*Approximate. ^LIQ, 2023. **As at 17 October 2023

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3. Property Location

11 Commercial Drive, Springfield, QLD, 4300

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4. Due Diligence

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