How a Long-Ignored Gym Became a 9% Net, Multi-Income Performer
Failed to add items
Sorry, we are unable to add the item because your shopping cart is already at capacity.
Add to basket failed.
Please try again later
Add to wishlist failed.
Please try again later
Remove from wishlist failed.
Please try again later
Adding to library failed
Please try again
Follow podcast failed
Unfollow podcast failed
How a Long-Ignored Gym Became a 9% Net, Multi-Income Performer
-
Narrated by:
-
By:
About this listen
A stale listing. A missed lease option. And a quiet regional main street.
In this episode of the Andrew Wright Property Podcast, Andrew breaks down how a long-overlooked gym with two apartments above turned into a 9%+ net yield investment with three separate income streams and a low-risk tenant mix.
You’ll hear:
- How Andrew negotiated the price down $200K below ask
- Why understanding zoning and local knowledge gave him confidence to buy
- How a simple rent review on the residential leases boosted cash flow
- What to look for in a mixed-use property (and how to manage risk)
- The exact due diligence clause he used to secure the gym lease
This wasn’t a flashy development or value-add. It was just a smart buy and a reminder that good deals aren’t always found… they’re made.
🎧 Listen now and subscribe to get real-world strategies for finding and funding income-producing property.
🔗 Learn more or connect with Andrew:
https://www.professionalssouthport.com.au
No reviews yet