Gym, Hampshire, United Kingdom

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Gym, Hampshire, United Kingdom

2,700,000 £
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Total area: 1,717 m² Yield: 6.7%
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Features
  • Operating Incomе: 214,992 €
  • 1-floor building
  • Occupancy: 100%
  • End of lease: 2032
  • Acquisition tax: 6.4%
  • Broker: 2.0%

Gym on the ground floor of the building.

Description

The property includes male and female changing rooms with showers, toilets and lockers, two studios, a free weights zone and a ladies only area.

There is also the reception, offices and staff room in the territory of the gym.

Type of ownership: Leasehold (999 years).

Financial performance

The cost of the property is 2,700,000 £.

The absolute annual income is 191,500 £.

The current yield is 6.7%.

Tenants

The tenant is a large network of UK gyms with more than 180 branches throughout the country. The company's annual turnover for 2016 is more than 170 million euros.

The lease agreement is valid until 2032.

Transaction costs

Acquisition tax is 6,4%.

The brokerage fee is 2% + 20% VAT (in total 2,4%).

Location

The property is located in economically developed area of Croydon in 15.3 km from Charing Cross.

There is a constant increase in the population associated with the expectation of investment in the economy in the amount of 5.8 billion euros in the city.

The city has a well-developed railway network.

Distance to the airport is 24 km.

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Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
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