Property Details
Premium Riverside Location | 568 Active Members | 10 Reformers
Established in April 2024, South Perth is one of our fastest-growing studios, currently at 568 members with further expansion potential.
Situated in the leafy riverside Mends Street precinct, this high-foot-traffic studio is surrounded by upmarket cafes, boutique retailers, and a 24/7 Good Grocer. Secure parking ensures seamless access for members, making it a highly attractive fitness destination.
After the success of our Mount Lawley studio, the same landlord approached us to take on this rare, premium space in their shopping centre. The results have been outstanding.
Key Highlights:
- 568 members - rapid growth with room for further expansion
- Prime location - affluent riverside area with strong foot traffic
- Luxury multi-story residential catchment - ideal for Pronto's new "Restore" class targeting the booming over-55s market
- Favourable lease terms with a trusted landlord
- Immediate cash flow - monthly profit of $16,152, annualised at $193,822 (based on 60% revenue share less rent)
- Depreciable assets - $57,167 Stock at Value "SAV"
This is a rare opportunity to own a high-growth Pronto studio in a premium location, fully managed for passive income with zero operational burden.
Price: $638,631 | Profit: $193,822 (ROC: 30.3%)
First in, best dressed. Secure this prime location today.
Financial Details
Investment Price:
$638,631 + GSTAnnual Rent (inc. outgoings):
$84, 804Lease Term & Renewal:
5 Yrs & 1 x 5 YrsRent Review:
3.5%We are selling an operating agreement, not a business. As the investor "Studio Owner", you will own the studio leasehold 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 finalsed.