Stonebridge Property Group is pleased to present for sale Thompsons Gateway, 1060 Thompsons Road, Cranbourne West (Fernwood Fitness – Cranbourne West).

• Investors can take comfort in a favourable lease structure that is secured by Fernwood Investment Pty Ltd (head lease) and personally guaranteed by the founder of Fernwood Fitness – highlighting a strong level of confidence in the future of the club
• Tenanted on a long 15-year net lease with fixed 3% annual rental increases (providing 55.7% income growth during Term 1 of the lease)
• Fernwood Fitness is a national franchise spanning some 70+ health clubs and a membership network north of 70,000 members
• The hugely successful business originated out of Bendigo in 1989 and currently stands as Australia’s leading and largest women only health club
• Fernwood was recently rated 8th overall in the 2021 national ‘Top Franchises’ awards
• The brand new, state of the art health club spans 948 sqm* and includes dedicated pilates, yoga, weights & change rooms, plus an exclusive 115 sqm* outdoor terrace and 12 on-title car parks
• The property is located within the high-quality Thompsons Gateway development strategically located on the well-exposed corner of Evans and Thompsons Roads
• Fernwood Fitness benefit from substantial external signage ensuring high levels of exposure to the 21,000+ cars that pass by daily
• Providing net annual income of $290,000* + GST + Outgoings with returns further bolstered by strong depreciation benefits
• Cranbourne West is located circa 38 km* southeast of the Melbourne CBD within the city of Casey

*Approximately

To obtain further information, please contact the exclusive selling agents.