Properties & Pathways

Pathway 19 Unit Trust

Healthy. Wealthy. Wise.

Closed for investment

Pathway 19 Unit Trust

Nestled in the buzzing hub of Lutwyche in Queensland, and anchored by a national health and fitness tenant with decades of healthy business performance, this investment opportunity is a wise choice for investors looking for secure and passive income.

$16,875,000

Purchase price

March 2022

Purchase date

3,217sqm

Landholding

6.50% p.a.

5-year average cash return

Investment Highlights

Return
5-year average investor cash return of 6.50% p.a.

Stability
Long-term lease expiring in 2028 with flexibility of future uses

Security
Leased to multi-national fitness head company with 510 health clubs across Asia-Pacific region

Core Location
Sought after location situated on major arterial road with approx. 63,000 cars passing per day

The Asset

Location

Lutwyche is a well-established inner-city suburb 4.8km north of Brisbane CBD, surrounded by renowned and affluent suburbs including Clayfied, Hamilton, Wilston and Grange.

The Tenant

Fitness First is a premium full-service gym combining world class facilities with group and personal training options. The brand has a total of 61 locations nationally, eight in South EastQueensland and only one location for Brisbane’s inner-northern suburbs; Lutwyche. Fitness First is a wholly owned subsidiary of Fitness & Lifestyle Group.

Purchase Price

$16,875,000

Landholding

3,217sqm

Occupancy

100%

Tenant

Fitness First, Kingswim

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Past performance is not indicative of future returns. Any information provided on this website has not considered the objectives, financial situation or needs of any investor; investors should consider whether it is appropriate to them to partake in a commercial property investment prior to investing, in light of their objectives, financial situation or needs. Every investor should obtain and consider the investment’s Information Memorandum before making a decision in relation to the investment.