Perth

Healthy returns on the cards for Nedlands fitness sale

The home of Anytime Fitness Nedlands has been listed for sale, unlocking a premium slice of real estate in one of Perth’s most sought after locations.

24 Oct 2018

The home of Anytime Fitness Nedlands has been listed for sale, unlocking a premium slice of real estate in one of Perth’s most sought after locations.

Located at 150 Stirling Highway, the 375sqm commercial strata property is currently leased to the international fitness giant until 2025, with a further option to extend. It generates a net income of approximately $108,688 per annum. 

The property is situated in a boutique mixed use commercial complex of five units and provides both front and rear access.

CBRE’s Michael Milne and Ben Younger have been appointed to manage the sale campaign via Offers Invited. 

Mr Milne said the property’s location was expected to attract strong interest from private investors. 

“Securely leased investments such on the Stirling Highway Nedlands strip are extremely tightly held – particularly those that offer a tenancy profile as attractive as this,” Mr Milne said. 

“Anytime Fitness is a strong international brand that continues to grow its footprint in the Australian market. It has operated in this location since 2015, with intention to occupy the site on a long-term basis.” 
 
For Australian/international news or global stories, follow us on Twitter: @cbreaustralia

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

Disclaimer:

Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at https://www.cbre.com.