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NEW 10 YEAR LEASE - NATIONAL TENANT

6 Garden Street, SOUTH YARRA VIC, 3141

Sold

Property Sold in 6 Garden Street, SOUTH YARRA VIC, 3141

Knight Frank Glen Waverley

G BLDG 1 Brandon Business Park, 540 Springvale Road, Glen Waverley, VIC 3150

Listing ID:
11346330
Status:
Sold
Last Updated:
31/07/2019
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Property Type

Retail/Hotel/Leisure
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Land Area

N/A
Icon size

Floor Area

256 SQM
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Parking

N/A

NEW 10 YEAR LEASE - NATIONAL TENANT

Knight Frank are delighted to bring to market For Sale, 6 Garden Street, South Yarra.

Situated in the heart of South Yarra you will find this prime investment opportunity, located in one of Melbourne’s most iconic and high end developments.

This premium investment currently trading as Orange Theory Fitness, is a privately owned fitness franchise with over 1,000 locations worldwide throughout 21 countries.

This boutique location offers all the key attributes of a South Yarra address, such as close proximity to public transport, car parking and the iconic Chapel Street strip.

The property is complimented by outstanding public transport with Trams and Train station only moments away. This investment will be a great addition to any investors portfolio and truly is a set and forget opportunity.

Key investment features include:
• Leased to Orange Theory Fitness
• Brand new Ten (10) year lease
• Commencing 12th November 2018
• Two (2) further terms of five (5) years
• Net income $160,000 per annum plus GST
• Outgoings and GST paid by tenant
• 3% fixed increases
• 256sqm internal area

For further details please contact Paul Lillis or Lewien Gallus.

For more details, please email agent

Knight Frank Glen Waverley

G BLDG 1 Brandon Business Park, 540 Springvale Road, Glen Waverley, VIC 3150


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