New 7 Year Lease to National Health & Wellness Tenant

Morley Commercial is delighted to offer to the market, FlowSt8 in this outstanding new development within tightly held Glen Iris for sale via Burgess Rawson’s Portfolio Auction in Melbourne on Wednesday the 21st February 2024.

The property has the following investment highlights:
+ Secure brand new 7-year to 2030 plus option through to 2037.
+ Flowst8: A rapidly expanding health and wellness brand with a national presence and focusses on breathwork, yoga, mobility, pilates, recovery including ice baths and sauna and a range of other health ideas.
+ Substantial 287m2 tenancy with rare 4 secure basement car spaces.
+ Brand-New capital-intensive fit-out to premium standards including large reception, meeting area, large studio space, ice baths, sauna and recovery studio.
+ Fixed 3% annual rent increases, assuring future rental growth.
+ Investor preferred net lease terms with the tenant responsible for all usual outgoings as per the lease and a rare attractive 6 month bank guarantee.
+ Prominent location with excellent frontage within the award-winning Glenarm Square retail and apartment development.
+ Developed by renowned Melbourne developer Dealcorp , Glen Arm Square contains 116 apartments and 880sqm of specialty retail.
+ Adjoining complimentary uses including Psychologist, leading café and exciting announcements to follow.
+ Seamless integration from the retail landing to Gardiner Train Station which includes public carparking.
+ Set and forget premium investment in one of Melbourne’s most desirable locations.
+ High exposure position with easy access onto the Monash Fwy, Burke Road and Gardiner Train Station.
+ Glen Iris: Affluent inner-city suburb with $2,450,000 median house price
+ Net Income: $123,600 pa + GST

In conjunction with Burgess Rawson