Stonebridge National Investment Sales is pleased to present to the market, World Gym Stafford (Brisbane), for sale via Expressions of Interest.

The asset has the following key investment features:

• Brand new 10 year lease to 2032 + options to 2048
• World Gym Longstanding, global ‘large format’ health & fitness operator established 1976, boasting a resilient and proven business model across 215 locations in 20 countries
• Land rich 5,514 sqm* site with 106 car parks, underpinned by flexible ‘district centre’ zoning, allowing for a multitude of future uses including medium density residential, supermarket, retail centre, hardware, showroom, childcare, aged care & retirement, government and community uses (STCA)
• Absolutely prime location on Stafford Road one of Brisbane’s premier retail and lifestyle precincts, home to Stafford City
• Shopping Centre, Bunnings and a plethora of national retailers
• High profile, convenient position with dual street access to Stafford Road (28,537 vehicles daily*) and Rhodes Street
• State-of-the-art, newly refurbished large format offering set across 2,492 sqm* of NLA (including mezzanine), providing significant depreciation benefits
• Stafford Well established metro ‘in-fill’ residential and commercial suburb only 6km to CBD, undergoing significant renewal and regentrification driven by convenience and inner-city affordability
• Successful World Gym drawing from a large trade catchment and boasting a significant membership base
• Secure lease structure tenant pays outgoings as per lease
• Annual rent increase the greater of CPI or 2.5%
• Net Income $640,000 pa* + GST

*Approximate

The Investment is for sale via Expressions of Interest closing Thursday 7th July at 1pm.

Please contact the exclusively appointed Stonebridge property professionals for more information.