Premium Health and Lifestyle Club Listed for Sale

The alternative to accumulate Next Gen Doncaster – a purpose-built well being, wellness and way of life membership – is anticipated to draw important investor curiosity. 

Underpinned by a triple internet lease to Next Generation Clubs Australia, a well-established and market-leading operator since 1999 with six areas in Australia and New Zealand, the asset gives a secured funding alternative.  

CBRE’s Sam Guest, Jamie Hess, James Douglas and JJ Heng have been solely appointed by Next Generation Clubs Australia to handle the sale of the asset by way of an International Expressions of Interest Campaign. 

Mr Guest famous this distinctive alternative gives a singular probability to accumulate an asset inside a thriving phase of the Australian market and capitalise on the rising demand for well being and wellness golf equipment, notably these within the high-end sector, which have seen important progress because the COVID-19 pandemic. 

“Next Gen Doncaster is truly an asset in its own class. Located in the highly desirable and affluent residential area of Doncaster, the club caters to a discerning clientele,” Mr Guest stated. 

“An offering such as this is akin to a Soho House, Saint Haven or a Kooyong Lawn Tennis Club as it gives an all-encompassing experience. This isn’t just a gym, it is a lifestyle club offering its almost 4,000 members a holistic approach to wellness that in recent years has become a cornerstone of the Australian way of life,” Mr Guest added. 

Located at 21 Members Drive the asset is located on a considerable 10,950 sqm allotment with 3,610 sqm of GLA excluding the out of doors amenities.  

Completed in 2021, Next Gen Doncaster was meticulously designed for the trendy well being and wellness fanatic and options state-of-the-art amenities together with 4 tennis courts, restaurant, totally geared up gymnasium, one indoor pool and one out of doors pool, luxurious spa, sauna, steam room, ice baths, and a creche.  

The asset is leased at $1.6 million each year for an preliminary 15-year time period, with two additional elective phrases of 10 years every.  

“Next Gen’s strategic decision to acquire and purpose-build the Doncaster club, coupled with Australia’s growing demand for premium fitness and lifestyle facilities, speaks volumes about their commitment to the site. This paired with the rare triple net lease and tenure provides for long-term security, further strengthening this investment opportunity,” Mr Hess added. 

The International Expressions of Interest closes Friday the nineteenth of September at 12.30pm (AEST). 

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*All measurements are approximate.