Cushman & Wakefield brokers $22.5 million sale of Brisbane Goodlife gym property
CWK•Benstead Holdaway acquired the Goodlife Health Clubs property in Brisbane’s Carindale for $22.5 million. The 8,942-square-meter site sold at an initial yield of 6.37%, with Goodlife occupying it under a lease whose current term expires in 2031.
1. Sale details
Benstead Holdaway acquired the Goodlife Health Clubs property at 803 Creek Road in Brisbane’s Carindale for $22.5 million. Cushman & Wakefield’s Sam Polichronis brokered the sale on behalf of an interstate private investor; the 8,942-square-meter site changed hands for the first time in more than 20 years, at an initial yield of 6.37% and a land rate of approximately $2,516 per square meter.
2. Lease terms
Goodlife Health Clubs occupies the property under a 25-year lease, with the current term expiring in 2031.
