Here’s an investment option that well and truly passes the fitness test.
One of the biggest health franchises in the country has just inked a long-term lease with options in a Nicholls community hub that could extend to 2036.
ASX-listed Viva Leisure has more than 160 fitness clubs within Australia, most operating under the popular Club Lime and Hiit Republic brands.
Viva Leisure increases its muscle power through the Plus Fitness franchises with another 200 locations that expand its reach into New Zealand and India.
All that should give any investor a high degree of confidence – and that, in turn, makes this 734-square-metre space in the Gold Creek Country Club worth a serious look.
It’s also worth unpacking that location. The club is a real community hub drawing both enthusiastic golfers and others whose game is more social. But they all add up to a healthy level of ongoing gym traffic potential.
Mark Nicholls of Raine & Horne Commercial, who jointly represents the property with Knight Frank, says the opportunity will appeal to a buyer looking for a high-yielding investment.
“Viva Leisure has demonstrated the strength of its business over many years,” he says.
“And this site takes advantage of the access it gives to the huge membership base that’s enjoyed by the country club.”
The listing comes with a price guide of mid-high $2 million.
Expressions of interest close 5pm, November 27.