A highly exposed first floor office has been leased by Ray White Commercial Newcastle.
The property, now leased by N.G.L.D Enterprises a Franchisee of Anytime Fitness.
Leasing Agent & Property Manager, Dan Barry secured the new tenant on a lease deal just short of 5 years with a further option to renew of five (5) years and 3 months. To compensate the refurbishment works required a rent free period was been offered with annual fixed 4% increases to the commencement of the Lease Option.
Inquiries were sourced and managed through our Ray White database, Real Commercial & Ray White Commercial Newcastle Site. Since its opening the Gym has enjoyed a growing client base.
|Annual Rent:||$128,500 + Outgoings|
|Initial Term:||57 Months|
|Option Term:||63 Months|
|Rent Review:||Fixed 4%|