• 8 + 5 + 5 net lease structure with tenant paying 100% of outgoings
• Freehold asset with three pre-subdivided titles
• Value-add investment with future redevelopment and exit flexibility

Our client successfully acquired a high-performing retail asset within the rapidly growing VIC suburb, secured through a competitive auction. The property is leased to a recognised national fitness franchise, providing stable rental income and strong tenant covenant, supported by a net lease structure where the tenant covers all outgoings. A key strength of the acquisition is that the titles are already subdivided into three separate lots, enabling future flexibility for individual sale, separate leasing, or residential redevelopment without further subdivision delay.