401 Pacific Highway, Belmont North, NSW 2280

CURRENT BID $1,600,000 - 2 QUALIFIED BIDDERS. The Openn Negotiation is underway (online auction with flexible terms for qualified buyers) and the property can sell as early as tomorrow. Contact Steven Dick on 0400 000 947 immediately to become qualified and avoid disappointment.

Having signed a (10) year lease in 2017 after obtaining their usage DA, these "Plus Fitness" tenants have their heart and soul invested in the community they have created.

Starting life as a camping and outdoor store the building would suit a multitude of  bulky showroom users and is located with Hungry Jack, Chemist, Caltex Service Station, Zarraffa's Coffee plus an ex Bunnings store.

With the lease not expiring until 25 July 2027 and only paying $185/m2 + OGs + GST there is a sound base and solid growth to be had. Operating as a 24/7 Gym they are under other similar size facilites which operate at $300 to $350/m2.

The owners are wanting to pay down debit with in the family and have chosen to sell this property.