Healthy investment - new twelve year lease
• National fitness provider, City Fitness, in occupation
• Strategic position just minutes from the Airport and ten minutes from the Christchurch CBD
• New 12 year lease term returning $663,173.53pa plus GST and outgoings with built in rental growth
Strategically positioned in the heart of Burnside, 196 Roydvale Avenue presents a rare opportunity to secure a modern, bulk retail-style facility leased to nationally recognised fitness provider, City Fitness. Headquartered in New Zealand and backed by offshore ownership, City Fitness operates over 40 locations nationwide, reinforcing the strength of this tenant covenant.
Commencing 1 May 2025, the new term includes rights of renewal and offers strong income security. The property is situated on an industrial-zoned site and benefits from a resource consent allowing operation as a fitness centre - and is currently the largest and most prominent gym in the Burnside area. With generous building scale, low site coverage, and flexible zoning, this asset is well positioned for future adaptability and long-term growth.
For further information or to arrange a viewing, please contact the sole agents.
• Strategic position just minutes from the Airport and ten minutes from the Christchurch CBD
• New 12 year lease term returning $663,173.53pa plus GST and outgoings with built in rental growth
Strategically positioned in the heart of Burnside, 196 Roydvale Avenue presents a rare opportunity to secure a modern, bulk retail-style facility leased to nationally recognised fitness provider, City Fitness. Headquartered in New Zealand and backed by offshore ownership, City Fitness operates over 40 locations nationwide, reinforcing the strength of this tenant covenant.
Commencing 1 May 2025, the new term includes rights of renewal and offers strong income security. The property is situated on an industrial-zoned site and benefits from a resource consent allowing operation as a fitness centre - and is currently the largest and most prominent gym in the Burnside area. With generous building scale, low site coverage, and flexible zoning, this asset is well positioned for future adaptability and long-term growth.
For further information or to arrange a viewing, please contact the sole agents.
Key features
Lease term
New twelve year lease term with rights of renewal until 2049 and built in rental growth
Location
Strategic position minutes from the Airport and ten minutes from the Christchurch CBD
Occupancy
National fitness provider, City Fitness in occupation
