Gold's Gym in Canberra sells for more than $4 million through Burgess Rawson

Gold's Gym in Canberra sells for more than $4 million through Burgess Rawson
Gold's Gym in Canberra sells for more than $4 million through Burgess Rawson

A property in Canberra fully leased to the world famous fitness chain Gold's Gym has recently sold for $4,050,000 through Burgess Rawson.

The 81 Gozzard Street, Gungahlin, ACT 2912 property was recently built in 2013 and has an area of 1,079 square metre.

The tenant is on a 10-year lease to March 2023 with further options to 2033.

The net income from the property is $314,404 pa + GST and there is a an annual 3.5 percent rental increase. The tenant pays all outgoings, as per lease.

Gungahlin is a suburb in Canberra with a projected population growth of more than 20% to over 70,000 by 2021.

The property is located within the busy town centre and surrounded by new construction of housing, Bunnings and cinema project.

The selling agent was Dean Venturato.

 

Tags: 
Commercial Sale Gymanisum

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