This brand new Health & Wellness facility has just opened to critical acclaim, offering their clients exclusive 'state of the art' facilities including three large studios - MindBody, Movement and Performance, offering a broad range of yoga disciplines (including hot), pilates (mat & reformer) and various high intensity interval training (HIIT) methods as well as boxing. In addition the facility is complete with a smaller studio for personal training sessions, an InfraRed sauna, four separate consultation/massage rooms and male and female changing rooms. The property also offers the convenience of 39 onsite carparks and area onsite to further expand the building footprint to meet the tenant’s future needs. The very experienced operator has spent a significant amount on the internal fitout of this high tech facility and has a very long term need for this premises with a new 10 year lease, with the added growth of 2.5% annual rental increases. The property is ideally situated in the seaside suburb of Papamoa to cater for the substantial local population which is constantly increasing as more and more houses are constructed within close proximity of this property.
Features:
- Annual rental: $176,700 + GST & OPEX
- 2105m² land area + 620m² building
- New high spec building
- New 10 year lease
- 2.5% rental growth per annum
- High population growth Papamoa
- 39 onsite carparks
- Personal guarantee plus bank bond guarantees
- Land for further development/expansion
- For sale by asking price $3,795,000 + GST if any
More information: https://www.colliers.co.nz/p-NZL67012777
