7 Hallenstein Street, Footscray, Vic 3011

Bond Commercial is pleased to present the Westbourne Health Club for sale: a purpose-designed gymnasium and wellness centre within the 221-apartment Westbourne Residences development.

The property benefits from an agreement for lease with the Owners Corporation. The proposed lease provides for commencing rent of $396,644 per annum plus GST, an initial three-year term, and two further options of 10 years each. Rent is scheduled to increase by 3.5% annually, except when a market rent review applies at the commencement of an option term.

Designed as a substantial health and wellness destination, the club is planned to include gym and fitness areas, yoga space, sauna and salt therapy, hot and cold baths, and private treatment rooms. It has direct pedestrian access from Warde Street.

The lease provides for residents and occupiers of the relevant owners corporation to use the facility. It also allows a commercial operator to offer services to the public, subject to the lease terms—creating a distinctive wellness offering within a growing inner-west precinct.

Westbourne Residences is being developed by Bensons Property Group, with anticipated completion in Q4 2026. Footscray Station, Victoria University, the new Footscray Hospital precinct and the Maribyrnong River Trail contribute to the location’s broad appeal.

Investment highlights:

- Agreement for lease with the owners corporation
- Proposed commencing rent of $396,644 per annum plus GST
- Three-year initial term plus two 10-year options
- 3.5% annual fixed increases, with market reviews at option commencement
- Purpose-designed health club within a 221-apartment development
- Direct Warde Street pedestrian entry

Contact Bond Commercial for the information memorandum and sale details.

Lease commencement and income are subject to the agreement for lease and its conditions.