Set-and-forget investment - Virgin Active tenancy, Norwest Business Park
This is a rare opportunity to secure a passive, income-producing commercial asset backed by one of Australia's most recognised fitness brands. This 115sqm strata suite forms part of the award-winning Virgin Active health club precinct at 2-8 Brookhollow Avenue, Norwest - one of Sydney's premier business park addresses.
The property offers investors the comfort of a long-term lease structure, with the initial 15-year term underpinned by the tenant's exercise of their first 5-year option - demonstrating genuine commitment to the location. With a further 5-year option remaining, total lease tenure could extend well into the 2030s.
Income growth is locked in, with fixed annual rent reviews of 3.5% per annum delivering reliable escalations year on year.
The current passing rent is $90,938.26 per annum - the tenant pays all outgoings (excluding the sinking fund), meaning your return arrives with no hidden costs eating into it.
Offered for sale via Expressions of Interest, we believe at time of sale this asset will have an indicative yield of approximately 5.87% - an attractive entry point into a defensive, long-income investment with a globally recognised covenant.
Whether you're a seasoned investor or looking to add a truly passive asset to your portfolio, this listing ticks every box: blue-chip tenant, transparent income, predictable growth, and a thriving business park location.
Contact the exclusive agents today to arrange an inspection or for further information.
Zac Inkster - 0455 111 504
Adam Bragg - 0415 239 492
*The information provided on this listing is for general information purposes only and should not be relied upon. While we believe the information is correct, we do not warrant its accuracy and cannot be held responsible for any inaccuracies. Interested parties should make their own inquiries to verify all information, including but not limited to building sizes, zoning, and future permitted uses.
Agents
About norwest
median House price
1980000suburb growth
19.4%median House rent
1025suburb rental yield
2.7%Similar Properties
Source: Suburb Flyover Report Series, APM Pricefinder. PRD does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the Information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRD will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material. Prepared by PRD Research © All medians and volumes are calculated by PRD Research. Use with written permission only. All other responsibilities disclaimed.