Ray White Commercial Glen Waverley and Burgess Rawson is pleased to offer to the market KX Pilates Mentone for sale via Private Treaty. The property has the following investment highlights: + New 5-year lease to January 2028 plus option to 2033 to leading pilates studio established circa 2017. + Successful franchisee with numerous studio locations. + Annual fixed 4% increases. + Investor preferred net lease terms with the tenant responsible for all outgoings as per the lease. + KX Pilates: Commenced 2010 and reputable modern exercise operator with 90 locations across Australia, New Zealand & Singapore. + Building Area 150sqm* + Two onsite car spaces & amp; storage cage on the title + Unsurpassed exposure from busy intersection of Nepean Hwy and Warrigal Rd. Situated in this prestigious "Archer" by Pace Development Group, and designed by Jackson Clements Burrows. + Excellent investment for the passive investor & superfund purchase. + Immaculate presented retail premises. + Household spending per capita on retail services in Mentone is 23% greater than the Victorian average. + Supported by important social infrastructure including 16 schools, servicing over 11,700 full-time students within a 2.5km radius* + Residential building approvals in the City of Kingston have grown by 10.4% between FY21 and FY22.**** + Strong trade catchment with a total population of 61,000* within a 3km radius of 1 Balcombe Road***** + Mentone: booming bayside suburb, 21km from the Melbourne CBD. Median house price $1,470,000, up 17.4% in the last 12 months and a population growth forecast of 23%+ by 2041.*** + Net Income: $62,400 pa* plus GST (current) + Net Income $64,896 pa" plus GST (Jan 2025) To be sold via Private Treaty. * Approx *** **** *****
Burgess Rawson - Melbourne
Level 20, 150 Lonsdale Street, Melbourne, Vic
RWC - Glen Waverley
169 Coleman Parade, Glen-Waverley, Vic
รหัสอสังหาริมทรัพย์: 504632472