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North Lakes, QLD

Established StudioSale Pending
$618,517 + GST
Annual Profit: $189,180

Property Details

Address:Unit 8/10 Wills St, North Lakes QLD 4509, Australia

Successful Sleeper Location | Fitness Precinct | 12 Reformers

Established in August 2023, North Lakes was our first experiment in a middle-class area and a light industrial precinct—surrounded by several big-box fitness facilities.

It started with modest growth and has since become one of our best-performing studios, driven by incredibly low rent and strong member engagement.

With a stable membership base of 510 and significant growth potential, this location has proven the demand for our affordable, all-day model in value-conscious markets.

The studio offers a relaxed, spacious fit-out and benefits from an excellent cooperative landlord, ensuring long-term operational stability.

Key Highlights:

  • 510 members - stable and engaged with scope for further growth
  • Proven model in a middle-class, fitness-focused area
  • Ultra-low rent - one of the most cost-effective Pronto studios
  • Surrounded by fitness businesses - built-in demand and strong referral potential
  • Immediate cash flow - monthly profit of $15,765, annualised at $189,180 (based on 60% revenue share less rent)
  • Depreciable assets - $50,977 Stock at Value "SAV"
  • Favourable lease terms with a highly cooperative landlord

A rare opportunity to own a high-margin, low-risk Pronto studio in an established fitness precinct, fully managed for passive income with zero operational burden.

Price: $618,517 | Profit: $189,180 (ROC: 30.6%)

First in, best dressed. Secure this proven performer today.

Square Meters:117 m2
Parking:6 Car Parks and Free Street Parking
Reformer Capacity:12

Financial Details

Investment Price:

$618,517 + GST

Annual Rent (inc. outgoings):

$44, 715

Lease Term & Renewal:

3 Years & 1 x 2 Yrs

Rent Review:

2%

We are selling an operating agreement, not a business. As the investor "Studio Owner" you will own the studio leashold and assets. Pronto 100% operates the studio and is responsible for its performance.

Assignment of lease occurs after the sale (this process may take 1 to 4 months). Pronto will deduct lease payments from revenue distributions until lease transfer is finalised.

Projected Annual Profit:

Based on current monthly recurring revenue (MRR) less monthly rent & outgoings times 12 months.
$189,180