The modern premises housing an international gym franchise are for sale in a key Auckland metropolitan centre, with a long lease and future potential for large-scale redevelopment.

The high-profile property fronting Great North Road sits in the heart of New Lynn town centre, opposite LynnMall Shopping Centre and New Lynn Transport Centre.

It is fully leased to Anytime Fitness, generating a net rental return of $129,415 plus outgoings and GST per annum. The current lease runs through to 2032 with two further five-year rights of renewal. The lease agreement provides for annual CPI rent reviews, with market reviews five-yearly and on renewal.

Anytime Fitness has around 60 gyms across New Zealand with equipment and services catering to gymgoers of all abilities and walks of life. Members have access to 5,000-plus clubs globally, open 24/7.

The chain forms part of Purpose Brands, one of the world’s largest fitness, health and wellness franchise operators. Purpose Brands represents US$3.5 billion in systemwide sales and some 7,000 franchise locations across 50 countries and territories.

The refurbished New Lynn gym premises boast an A-grade seismic rating and plenty of onsite parking.

Unit 1, 3045 Great North Road, New Lynn, Auckland, is being offered for sale through Damien Bullick, Alan Haydock and Mike Adams of Bayleys Auckland Metropolitan Sales team.

The property will go under the hammer at an auction on Wednesday 28 May, unless it is sold prior.

The freehold unit for sale spans some 363 square metres. It is one of two units in the body corporate, along with a neighbouring unit tenanted by Beds R Us, with which it shares access to an adjacent car park with spaces for 31 vehicles.

The underlying land area shared with Unit 2 spans nearly 1,800 square metres.

“Constructed in 1995, extended in 2001, and extensively refurbished and upgraded in 2022, this is a well-presented property which is well suited for use as an internationally branded fitness facility,” Bullick said.

“The open-plan gym area at its heart is supplemented with changing rooms and shower facilities. New owners can take confidence from the quality of the fitout along with an Initial Evaluation Procedure seismic rating of 90 percent of new building standard,” said Bullick.

Haydock, who heads the Bayleys Auckland Metro team, said the property offers an attractive cashflow with future potential.

“New Lynn is a key growth location which has been specifically identified under the Auckland Unitary Plan for intensive commercial and residential development.

“The central hub encompassing the site for sale is one of only a handful across the city zoned as a Metropolitan Centre. These are second only to the city centre in scale and intensity of development.

“A wide variety of activities are permitted, from commercial and high-density residential to leisure, tourist, cultural, community and civic services – with provisions allowing buildings of up to 72.5 metres,” said Haydock.

Adams said the central New Lynn location was a vital selling point.

“The position in New Lynn town centre, the commercial hub of West Auckland, places this property in the midst of a lively mix of retail, office and industrial users.

“Prominent frontage to Great North Road, among the top tier of Auckland arterials, assures the property and tenants of profile and exposure to busy passing traffic. This includes significant volumes pulled into the area from a wide catchment by LynnMall, one of the city’s busiest shopping centres.

“This location is very well serviced by public transport, being a short walk from New Lynn Train Station. The volume and travel times of rail services will undergo a step-change improvement with the expected opening next year of the City Rail Link. Auckland’s city centre and airport are around 20 minutes away by road, making this a highly accessible and convenient location to live and do business,” Adams said.