Splash Swim School, 10/121S Grices Road,
Clyde North, VIC 3978
Key property information
Map of Splash Swim School, 10/121S Grices Road
New 15 Year Lease to State-Of-The-Art Swim Facility
- New 15 Year Lease to 2037 plus Options
- Fixed 3% Annual Rent Increases
- Tenant Pays All Usual Outgoings
The property has the following investment highlights:
+ New 15-year net lease to August 2037 plus options to 2052.
+ Splash’s: leading swim school provider with 30+ years’ experience in the aquatic industry and operating in multiple location across Melbourne.
+ Landlord favourable net lease terms with the tenant paying all usual outgoings as per the lease agreement.
+ Single tenant minimum management investment.
+ Annual fixed 3% rental increases ensuring future growth.
+ Immaculately presented 471sqm* facility with the latest corporate tenant fit out.
+ Prominent and direct frontage to an 89-space public car park.
+ Surrounded by important social infrastructure including 9 schools with over 7,500 full-time students.**
+ Expanding residential precinct amongst retailers including liquor, childcare, Foodworks and fast-food operators.
+ Clyde North: Melbourne’s major southern growth corridor with the population forecast to increase 130.21% by 2041.***
+ Net Income: $200,175 pa* plus GST
To be sold by Investment Portfolio Auction
10:30am AEDT Wednesday 26th October 2022
Crown Casino, Melbourne
Property ID: 504168639Last Updated: 29 May 2023
More properties from Burgess Rawson - Melbourne
Contact Agent8/121 Grices Road,Clyde North, VIC 3978
Contact AgentMatilda's Café, Woodfire and Bar, 10 & 11/121 Grices Road,Clyde North, VIC 3978
Contact AgentRK Hair and Beauty , 2/121 Grices Road,Clyde North, VIC 3978