Lot 9, 110 Spring Street has come to market and offers three whole floors comprising 2,127 square metres within a building fully leased to the popular international fitness provider and Bondi Junction community pillar Fitness First.
The floors available provide a premium commercial environment with high ceilings, abundant natural light from the North and South and a recent air-conditioning upgrade, located in a central position between a Westfield shopping centre to the East and Eastgate Shopping Centre to the South.
The tenancy space at 110 Spring Street has received a complete refurbishment and has been converted to a 24-hour-operating Fitness First Platinum Gym, known as ‘Bondi The Edge’, including a Barre Studio, Freestyle Zones and state of the art strength training zones with new lifting platforms and matrix cages.
The commercial space is listed with Joseph Lin and Steam Leung of Colliers and Andrew Krulis and Michael Burke of Krulis Commercial.
“The building’s site couldn’t be more convenient, with just a 160 metre walk to the Bondi Junction bus and rail interchange, and dual street entry providing pedestrian access between Oxford Street Mall and Spring Street.” Mr Lin said.
“Commercial operations within 110 Spring Street are set to thrive, with a prime position within the bustling community hub, while also being flanked by blue-chip tenants Sportsgirl and HSBC on the West and Commonwealth Bank on the East.”
The property offers the potential for positive rental reversion, re-positioning or possible re-development after amalgamation. (STCA).
Sydney’s Eastern Suburbs commercial properties have been proven to be one of the most active and resilient markets in Australia throughout 2021 and the first half of 2022.
“One of the main reasons for the popularity of the Eastern Suburbs for commercial opportunities, apart from the low interest rate environment and scarcity of investment grade opportunities, is an overall trend of increased investor appetite towards more established assets in the highly-sought-after suburban areas.” Mr Leung said.
“This shift has been the driver for the significant increase in capital flowing into established markets such as Sydney’s Eastern Suburbs, filled with major retailers, food and beverage and entertainment amenities, connected by easy bus and train infrastructure.”
Lot 9, 110 Spring Street, Bondi Junction is for sale through an expressions of interest campaign (EOI) closing 3pm on Thursday 11 August 2022.
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