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12/1 Hunt Way, PAKENHAM, VIC, 3810
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12/1 Hunt Way, PAKENHAM, VIC, 3810

2. Property Highlights

New 10 Year Net Lease to Global Fitness Giant Snap Fitness | 6.5% Yield Anticipated
  • New 10 Year Lease to Nov 2032
  • Immaculate 551*sqm premises
  • Fixed 3% Annual Rent Increases

Burgess Rawson is pleased to offer to the market, Snap Fitness for sale via our Auction Investment Portfolio 158.

+ New 10 year lease to November 2032 plus options to 2042.

+ Snap Fitness: International health and fitness chain with 210 clubs across Australia servicing 230,000+ members

+ Fixed 3% annual rent increases, assuring future rental growth

+ Landlord-favourable net lease with the tenant responsible for all usual outgoings.

+ Substantial 551*sqm premises with the latest corporate tenant fit-out.

+ New 2022 construction providing excellent tax saving depreciation benefits.

+ Single tenant, minimum management investment

+ Rare 5 star google reviews.

+ Surrounded by important social infrastructure including 9 schools and tertiary education facilities servicing 6,000+ full-time students**

+ Rapidly expanding residential precinct amongst supporting retailers including liquor and fast-food.

+ Pakenham: Melbourne’s major eastern growth corridor, population estimated to increase 59.9% by 2041**

+ Net Income: $170,500 pa* + GST.

For Sale by Investment Portfolio Auction

10:30am AEDT Wednesday 22 February 2022

Crown Casino - River Room

Please contact the exclusively appointed Burgess Rawson team for more information.

*approx

** gap maps

Remember to mention you found this property on CommercialReady

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Shaun Venables
Shaun Venables
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Justin Kramersh
Justin Kramersh
+61 *** *** *** show +61 460 349 605
Zomart He 何梓轩
Zomart He 何梓轩
+61 *** *** *** show +61 488 220 830

3. Property Location

12/1 Hunt Way, PAKENHAM, VIC, 3810

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4. Due Diligence

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12/1 Hunt Way, PAKENHAM, VIC, 3810 Pakenham
Burgess Rawson - Melbourne
Burgess Rawson - Melbourne
Level 20/150 Lonsdale St, Melbourne VIC 3000
Shaun Venables
Shaun Venables
+61 *** *** *** show +61 411 860 865
Justin Kramersh
Justin Kramersh
+61 *** *** *** show +61 460 349 605
Zomart He 何梓轩
Zomart He 何梓轩
+61 *** *** *** show +61 488 220 830
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