Club Lime, 74-82 Maroondah Highway, Ringwood NorthA heavyweight investment with an ASX-listed tenant has sold under the hammer for $5.9 million at fiercely contested auction.Fitzroys’ Ben Liu and Chris James, in conjunction with Gross Waddell ICR’s Glenn Ye and Danny Clark, sold Club Lime, 74-82 Maroondah Highway, Ringwood, on behalf of a private owner.Four bidders competed for the 1,288sqm open-plan showroom with a 45m frontage, with a local investor outmuscling competition from around Melbourne and Australia.ASX-listed Viva Leisure – Australia’s second-largest fitness network, with strong future growth prospects – occupies the property, trading as Club Lime, with a new, secure triple net 10+5+5-year lease.The sale price reflected a tight 5.7% yield for a strata investment.“The campaign generated more than 100 enquiries which culminated in a heated auction. The result demonstrates the depth in the market of investors seeking stable and secure returns from well-leased, well-located real estate assets,” Liu said.“This blue-chip asset offered a secure, landlord-favourable lease structure to an ASX-listed tenant with great future prospects, in a high-exposure, high-growth location.”James said the property is excellently positioned in the Ringwood Activity Centre, amongst other major large-format retail tenants including Supercheap Auto, PetBarn, Bunnings Warehouse, and Costco, and is also in close proximity to Eastland Shopping Centre, Coles Supermarket, Aldi and busy Ringwood Train Station.The high-exposure location has over 40,000 vehicles passing on Maroondah Highway each day.“Investors noted that the high-performing tenant serves an established, affluent catchment and stands to further benefit from Ringwood’s population being forecast to surge by 39% by 20461,” Ye said.1https://forecast.id.com.au/maroondah/about-forecast-areas?WebID=170Previous ArticleNext Article
A heavyweight investment with an ASX-listed tenant has sold under the hammer for $5.9 million at fiercely contested auction.Fitzroys’ Ben Liu and Chris James, in conjunction with Gross Waddell ICR’s Glenn Ye and Danny Clark, sold Club Lime, 74-82 Maroondah Highway, Ringwood, on behalf of a private owner.Four bidders competed for the 1,288sqm open-plan showroom with a 45m frontage, with a local investor outmuscling competition from around Melbourne and Australia.ASX-listed Viva Leisure – Australia’s second-largest fitness network, with strong future growth prospects – occupies the property, trading as Club Lime, with a new, secure triple net 10+5+5-year lease.The sale price reflected a tight 5.7% yield for a strata investment.“The campaign generated more than 100 enquiries which culminated in a heated auction. The result demonstrates the depth in the market of investors seeking stable and secure returns from well-leased, well-located real estate assets,” Liu said.“This blue-chip asset offered a secure, landlord-favourable lease structure to an ASX-listed tenant with great future prospects, in a high-exposure, high-growth location.”James said the property is excellently positioned in the Ringwood Activity Centre, amongst other major large-format retail tenants including Supercheap Auto, PetBarn, Bunnings Warehouse, and Costco, and is also in close proximity to Eastland Shopping Centre, Coles Supermarket, Aldi and busy Ringwood Train Station.The high-exposure location has over 40,000 vehicles passing on Maroondah Highway each day.“Investors noted that the high-performing tenant serves an established, affluent catchment and stands to further benefit from Ringwood’s population being forecast to surge by 39% by 20461,” Ye said.1https://forecast.id.com.au/maroondah/about-forecast-areas?WebID=170Previous ArticleNext Article
Fitzroys’ Ben Liu and Chris James, in conjunction with Gross Waddell ICR’s Glenn Ye and Danny Clark, sold Club Lime, 74-82 Maroondah Highway, Ringwood, on behalf of a private owner.Four bidders competed for the 1,288sqm open-plan showroom with a 45m frontage, with a local investor outmuscling competition from around Melbourne and Australia.ASX-listed Viva Leisure – Australia’s second-largest fitness network, with strong future growth prospects – occupies the property, trading as Club Lime, with a new, secure triple net 10+5+5-year lease.The sale price reflected a tight 5.7% yield for a strata investment.“The campaign generated more than 100 enquiries which culminated in a heated auction. The result demonstrates the depth in the market of investors seeking stable and secure returns from well-leased, well-located real estate assets,” Liu said.“This blue-chip asset offered a secure, landlord-favourable lease structure to an ASX-listed tenant with great future prospects, in a high-exposure, high-growth location.”James said the property is excellently positioned in the Ringwood Activity Centre, amongst other major large-format retail tenants including Supercheap Auto, PetBarn, Bunnings Warehouse, and Costco, and is also in close proximity to Eastland Shopping Centre, Coles Supermarket, Aldi and busy Ringwood Train Station.The high-exposure location has over 40,000 vehicles passing on Maroondah Highway each day.“Investors noted that the high-performing tenant serves an established, affluent catchment and stands to further benefit from Ringwood’s population being forecast to surge by 39% by 20461,” Ye said.1https://forecast.id.com.au/maroondah/about-forecast-areas?WebID=170Previous ArticleNext Article
Four bidders competed for the 1,288sqm open-plan showroom with a 45m frontage, with a local investor outmuscling competition from around Melbourne and Australia.ASX-listed Viva Leisure – Australia’s second-largest fitness network, with strong future growth prospects – occupies the property, trading as Club Lime, with a new, secure triple net 10+5+5-year lease.The sale price reflected a tight 5.7% yield for a strata investment.“The campaign generated more than 100 enquiries which culminated in a heated auction. The result demonstrates the depth in the market of investors seeking stable and secure returns from well-leased, well-located real estate assets,” Liu said.“This blue-chip asset offered a secure, landlord-favourable lease structure to an ASX-listed tenant with great future prospects, in a high-exposure, high-growth location.”James said the property is excellently positioned in the Ringwood Activity Centre, amongst other major large-format retail tenants including Supercheap Auto, PetBarn, Bunnings Warehouse, and Costco, and is also in close proximity to Eastland Shopping Centre, Coles Supermarket, Aldi and busy Ringwood Train Station.The high-exposure location has over 40,000 vehicles passing on Maroondah Highway each day.“Investors noted that the high-performing tenant serves an established, affluent catchment and stands to further benefit from Ringwood’s population being forecast to surge by 39% by 20461,” Ye said.1https://forecast.id.com.au/maroondah/about-forecast-areas?WebID=170Previous ArticleNext Article
ASX-listed Viva Leisure – Australia’s second-largest fitness network, with strong future growth prospects – occupies the property, trading as Club Lime, with a new, secure triple net 10+5+5-year lease.The sale price reflected a tight 5.7% yield for a strata investment.“The campaign generated more than 100 enquiries which culminated in a heated auction. The result demonstrates the depth in the market of investors seeking stable and secure returns from well-leased, well-located real estate assets,” Liu said.“This blue-chip asset offered a secure, landlord-favourable lease structure to an ASX-listed tenant with great future prospects, in a high-exposure, high-growth location.”James said the property is excellently positioned in the Ringwood Activity Centre, amongst other major large-format retail tenants including Supercheap Auto, PetBarn, Bunnings Warehouse, and Costco, and is also in close proximity to Eastland Shopping Centre, Coles Supermarket, Aldi and busy Ringwood Train Station.The high-exposure location has over 40,000 vehicles passing on Maroondah Highway each day.“Investors noted that the high-performing tenant serves an established, affluent catchment and stands to further benefit from Ringwood’s population being forecast to surge by 39% by 20461,” Ye said.1https://forecast.id.com.au/maroondah/about-forecast-areas?WebID=170Previous ArticleNext Article
The sale price reflected a tight 5.7% yield for a strata investment.“The campaign generated more than 100 enquiries which culminated in a heated auction. The result demonstrates the depth in the market of investors seeking stable and secure returns from well-leased, well-located real estate assets,” Liu said.“This blue-chip asset offered a secure, landlord-favourable lease structure to an ASX-listed tenant with great future prospects, in a high-exposure, high-growth location.”James said the property is excellently positioned in the Ringwood Activity Centre, amongst other major large-format retail tenants including Supercheap Auto, PetBarn, Bunnings Warehouse, and Costco, and is also in close proximity to Eastland Shopping Centre, Coles Supermarket, Aldi and busy Ringwood Train Station.The high-exposure location has over 40,000 vehicles passing on Maroondah Highway each day.“Investors noted that the high-performing tenant serves an established, affluent catchment and stands to further benefit from Ringwood’s population being forecast to surge by 39% by 20461,” Ye said.1https://forecast.id.com.au/maroondah/about-forecast-areas?WebID=170Previous ArticleNext Article
“The campaign generated more than 100 enquiries which culminated in a heated auction. The result demonstrates the depth in the market of investors seeking stable and secure returns from well-leased, well-located real estate assets,” Liu said.“This blue-chip asset offered a secure, landlord-favourable lease structure to an ASX-listed tenant with great future prospects, in a high-exposure, high-growth location.”James said the property is excellently positioned in the Ringwood Activity Centre, amongst other major large-format retail tenants including Supercheap Auto, PetBarn, Bunnings Warehouse, and Costco, and is also in close proximity to Eastland Shopping Centre, Coles Supermarket, Aldi and busy Ringwood Train Station.The high-exposure location has over 40,000 vehicles passing on Maroondah Highway each day.“Investors noted that the high-performing tenant serves an established, affluent catchment and stands to further benefit from Ringwood’s population being forecast to surge by 39% by 20461,” Ye said.1https://forecast.id.com.au/maroondah/about-forecast-areas?WebID=170Previous ArticleNext Article
“This blue-chip asset offered a secure, landlord-favourable lease structure to an ASX-listed tenant with great future prospects, in a high-exposure, high-growth location.”James said the property is excellently positioned in the Ringwood Activity Centre, amongst other major large-format retail tenants including Supercheap Auto, PetBarn, Bunnings Warehouse, and Costco, and is also in close proximity to Eastland Shopping Centre, Coles Supermarket, Aldi and busy Ringwood Train Station.The high-exposure location has over 40,000 vehicles passing on Maroondah Highway each day.“Investors noted that the high-performing tenant serves an established, affluent catchment and stands to further benefit from Ringwood’s population being forecast to surge by 39% by 20461,” Ye said.1https://forecast.id.com.au/maroondah/about-forecast-areas?WebID=170Previous ArticleNext Article
James said the property is excellently positioned in the Ringwood Activity Centre, amongst other major large-format retail tenants including Supercheap Auto, PetBarn, Bunnings Warehouse, and Costco, and is also in close proximity to Eastland Shopping Centre, Coles Supermarket, Aldi and busy Ringwood Train Station.The high-exposure location has over 40,000 vehicles passing on Maroondah Highway each day.“Investors noted that the high-performing tenant serves an established, affluent catchment and stands to further benefit from Ringwood’s population being forecast to surge by 39% by 20461,” Ye said.1https://forecast.id.com.au/maroondah/about-forecast-areas?WebID=170Previous ArticleNext Article
The high-exposure location has over 40,000 vehicles passing on Maroondah Highway each day.“Investors noted that the high-performing tenant serves an established, affluent catchment and stands to further benefit from Ringwood’s population being forecast to surge by 39% by 20461,” Ye said.1https://forecast.id.com.au/maroondah/about-forecast-areas?WebID=170Previous ArticleNext Article
“Investors noted that the high-performing tenant serves an established, affluent catchment and stands to further benefit from Ringwood’s population being forecast to surge by 39% by 20461,” Ye said.1https://forecast.id.com.au/maroondah/about-forecast-areas?WebID=170Previous ArticleNext Article
1https://forecast.id.com.au/maroondah/about-forecast-areas?WebID=170Previous ArticleNext Article
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