- Just under 11,000 sqm corner landholding
- Total NLA of 3,610sqm leased by Next Generation Clubs
- On a 15 year triple net lease
An almost 11,000 square metre land holding, currently home to Next Gen Doncaster, is on the market.
The corner landholding of 10,950 square metres is located on 21 Members Drive in the suburb of Doncaster, with the total net lettable area of 3,610 square metres currently leased by Next Generation Clubs Australia.
Some 13 kilometres north-east of the Melbourne CBD, the landholding is also home to the 1887 Tullamore House, which has been restored, and is expecting to fetch in the low-to-mid $30 million range.
The facility includes a gym, one outdoor and one indoor pool, spa and sauna, tennis courts, function spaces, cafe, outdoor dining terrace, commercial kitchen, creche, change rooms, and parking for 172 cars.
Next Gen Doncaster opened its doors at the Victorian address in May 2021, the premium health and lifestyle services company signed a rare 15-year triple net lease, with a further option of two terms of 10 years each, said national director of Colliers Investment Services, Peter Bremner.
“It’s rare to find a commercial investment opportunity with this kind of security that provides a passive long WALE investment with a commencing rental income of 1.5 million per annum,” said Mr Bremner.
“The triple net lease, which means that the tenant will cover all outgoings as well as repairs and maintenance of a structural or capital nature, adds to the unique security of this commercial opportunity.”
Colliers’ director in charge for Capital Markets and Office Leasing, Rob Joyes said that the wellness market has seen rapid growth over the past three years with the sector adjusting to requirements brought upon by the pandemic.
“The rising interest in wellness is not going away. People are becoming more knowledgeable about their health, realising that prevention is much better than cure,” said Mr Joyes.
“We’ve seen an increased appreciation of health services across the global wellness tourism market which is expected to reach $919 billion in 2022, and continue to grow by 6.6% annually.”
