Stonebridge Property Group is pleased to present for sale 275 Buckley Street, Aberfeldie.

– Tenanted through a vendor favoured 10-year net lease to Re-Creation Health Clubs, an established operator with over 15 years’ experience servicing the Aberfeldie/Essendon community

– Re-Creation boast a successful state-wide network of 6 Health Clubs, located throughout Sorrento, Brighton East, Burwood East, Essendon, Hampton & Keysborough

– Providing annual income of $250,000* + GST + Outgoings

– Fixed 3.0% annual rental increases ensure guaranteed income growth over the term of the lease

– Favourably zoned 931 sqm* of underlying land allows significant future development potential, supported by 4 storey height precedent, wide 21 m* retail frontage & rear access

– The significant 1,268 sqm* building is 100% leased by Re-Creation, includes a two level fully equipped gym, cardio theatre, salt room, change rooms, 2 x group fitness studios and rear warehouse/storage space

– Located in the affluent and sought-after suburb of Aberfeldie, 7.5 km* northeast of the Melbourne CBD and 6.5 km* from Melbourne’s International Airport (Tullamarine Airport)

– With a median house price of $1,717,500^, Aberfeldie is regarded the most expensive suburb in the City of Moonee Valley, above the likes of Essendon & Ascot Vale

*Approximately
^Source: REIV

The auction of 275 Buckley Street, Aberfeldie has been postponed to 2022. To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group:

Rorey James
0439 400 081

Nic Hage
0448 782 594

Chao Zhang 张超
0411 625 068

Property Code: 326