3 Bridge Street

Newtown VIC 3220

1. 25 m x 13.2 m lap pool
2. 25 m x 9 m lap pool
3. 7 m x 4 m kiddies pool
- Excellent facilities for multi purpose water sport and club style activities.
- Substantial light filled buildings 1770 m2
- Large entrance area and reception facilities
- Land area 4910 m2
- Extensive car parking for up to 40 vehicles. Few pools have this feature and this assures the business operator's customer's ease of access.
- Tenant has been operating successfully for many years.
- Lease in place until 30/6/2014, after that alternative uses of building available to the owner, or opportunity to release to existing/new operator.
- 4% annual rent increases included in lease.
- Rent in year to 30/6/2014 will be $382,420
- Additional depreciation available subject to quantity survey.
- Up to 75% vendor finance available to approved applicant at 7.5 % p.a.
- Current survey just completed shows replacement building cost in excess of $3.2m plus land so this is great value.
- Vendor willing to consider offers for lease/buy or terms contract.
For more details and inspection call Ian Lyle now 0408 039 774 or 5228 0602
( all measurements are approximate )