Calwell pool: Set and forget facility a passive investment

A long lease is the key investment attraction of the popular Calwell Learn to Swim Centre located next to the local, high traffic shopping centre.

The current tenant has a lease until 2037 with further options totalling another 20 years.

The building sits on a 1538-square-metre block with more than half of that taken up by the swim/aquatic centre and 18 on-site car parks.

The popular swim centre was completed in 2014 and comprises a reception area, manager’s office, change facilities, an 11.8 metre by 20 metre pool and a plant room, anchored by an ultraviolet filtration system.

Michael Heather, of CBRE Canberra, says another investment attraction is a passive double net lease.

“That means the tenant also pays all the outgoings including rates, repairs, maintenance, insurance and more,” he says.

“The lease delivers a net income of some $230,000 plus GST per annum which increases by  3 per cent annually.”

And building depreciation benefits still apply.

“It all adds up to a highly attractive investment opportunity when you consider the length of the lease and all the other benefits,” Heather says.

“This is the type of offer that will appeal to high net worth individuals building a diversified portfolio.

“It delivers secure, long-term income from a business that delivers all-important life skills and fitness to children and adults.”

CALWELL

15 WEBBER CRESCENT

PRICE GUIDE: $230,000 per annum +GST (net income)

AGENT: CBRE Canberra, Michael Heather 0447 749 088