Double Frontage. Strong Return. Anytime.

Sale Details

Sold on 20 Feb 2026 for $2,000,000

Description

POINT OF INTEREST:

A double frontage and great brand name tenant are features of this large retail property, operating as Anytime Fitness. The tenant has invested significantly in the fitout—including the latest fitness equipment. A renewed 5-year lease plus options confirms their commitment to the site, with over a decade of continuous operation. This investment opportunity offers a truly set-and-forget income stream.

Situated within the thriving North Ringwood Shopping Centre, the property is surrounded by national retailers including Ritchies Supa IGA, Domino’s Pizza, Greencross Vet, Bakers Delight, and Julia’s Restaurant (wood-fired pizza & cocktail bar) — positioning this opportunity in a tightly held, well-regarded local centre.

- Leased to Anytime Fitness with passing income of $125,000 p.a. + GST
- Renewed 5-year lease from March 2025 with options to 2040
- Substantial building area: 365 sqm*
- Access: 1.8km* to Maroondah Highway, 2.9km* to EastLink, 2.7km* to Eastland Shopping Centre, and 3.1km* to Ringwood Station
- Public transport: Bus routes 271 & 364 stop within 100m*
- Zoning: Commercial 1 Zone (C1Z)
- Amenity-rich precinct: Surrounded by cafes, schools, walking trails, and a large council car park (approx. 290 spaces)

POINT OF VIEW:

Anytime Fitness is a 24-hour fitness franchise with 3,000+ locations globally. The North Ringwood location is one of three centres operated by the tenant, further strengthening the long-term lease covenant.

*Approx.
Pricing excludes GST