Internation Gym Franchise on Long Lease in heart of Toowoomba

The Details

Location
Toowoomba, QLD
Type
Commercial
Purchase Price
$4,400,000
Rent
$256,327 per annum
Yield
5.83% net
Cashflow
$61,127 (70% loan at 6.5% interest rate)
Total Return (incl. capital gains)
$281,127 (cashflow + 5% growth)
Lease
10 year lease expiring 2035 with 2 x 5 yr options

Why We Love This Property

  • Long lease and established business
  • Building benefits from solar already being installed
  • Very expensive fit-out recently completed providing further tenant security
  • Strong yield for this length of lease and tenant profile
  • Forecasted strata works in the coming years to improve the complex
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