How a Long-Ignored Gym Became a 9% Net, Multi-Income Performer
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How a Long-Ignored Gym Became a 9% Net, Multi-Income Performer
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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
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