A private investor has paid $7.75 million for the Genesis Health and Fitness centre at 15-21 Coburns Road, Brookfield, in Melbourne’s outer west.

Burgess Rawson’s Justin Kramersh negotiated the sale.

This prime commercial investment is situated on a substantial 5,916sqm corner site and includes a 2,220sqm purpose-built leisure centre, leased to Belgravia (Genesis) for 12 years commencing 1 July 2015, with options for two further six-year terms.

The leisure centre facilities include weight training rooms, several exercise studios incorporating cycling, cardio and exercise areas plus a 25 metre indoor swimming pool.

Burgess Rawson has recently listed for sale the adjacent property leased to Greenfield Early Learning Centre at 120 Brooklyn Road.(below)

The sale demonstrates continued confidence in the health and wellness sector with investor demand for this asset class remaining strong.

The state-of-the-art early learning centre has a new 15-year net lease to Greenfield ELC until 2038 with options for two further 10-year terms. The net annual rental is $339,255 with fixed 3% annual rent increases.

Mr Kramersh said they expected strong interest in the asset, with early education centres selling well despite 12 cash rate rises.

“The asset presents a rare opportunity to purchase a ‘set and forget’ in one of Melbourne’s fastest growing suburbs with the added bonus of the adjoining swim school at Genesis providing the centre with additional services.”

The property is being offered for sale through Mr Kramersh, Natalie Couper and Sam Mercuri at the Burgess Rawson Portfolio Auction event at Crown Casino in Melbourne on Wednesday 21 June at 10.30am.

To request further information about the sale please contact the marketing agent Burgess Rawson’s Justin Kramersh via the contact details below. 

(Above) Genesis Health and Fitness centre at 15-21 Coburns Road, Brookfield Melbourne’s outer west sold by Burgess Rawson’s Justin Kramersh.