“New Price” Gymnasium On The Broadway

This freestanding building,constructed of concrete tilt panels, with total floor area of approximately 680m2 was purposed build as a Fitness Centre and enjoys excellent exposure to The Broadway.

Leased to an independent Gymnasium operator with the lease expiring in June 2017 and having one additional 10 year Option.

Rent Per Annum: $ 104,369.13 (review of CPI + 4% due in July)
Rent Per m2 $153.48 approximately
Outgoings are payable by the Lessee.

Price Reduction + Rent Increase = Return in excess of 7.75% after July 11 rent review

Floor area comprises:
Ground
Floor: 495m2
Mezzanine: 185m2

Improvements include:

Male, female change room facilities with showers, toilets and vanities.
(3 toilets in each facility) All tiling from floor to ceiling.
Handicap change room with shower, toilet and vanity.
Reception Kiosk with kitchenette.
Partitioned Office with enclosed private toilet and vanity.
Conduit in Concrete Floor to power equipment.
Floorcoverings suitable for fitness center use.

The land area is approximately 1,280m2 with a frontage to The Broadway (Service Road) of approximately 30.00 metres with 22 car bays.

Located in the Ellenbrook Town Center, approximately 20 km north east of Perth’s CBD and 15km east of Joondalup with good access to Reid Highway and Gnangara Road.

For more information call Andre Dique – you will find full contact details are available on the web page.