Investment Property 2521

Leasehold £ SOLD

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This is an excellent commercial property currently let on an FRI basis at an annual rent of £28,200.

The current tenant has been running a gym and beauty business from the premises for the last 10 years and happy to sign a new 5 year lease.

Fitness centre with one very large exercise studio and 2 smaller studios.

The beauty area comprising 4 spacious treatment rooms, a 4 position nail bar and a spray tan room

One of small fitness studios was previously a hair salon and would easily convert back to provide 8 cutting stations and two wash bays

There is also reception and rest/seating area.


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Type of business
The property is let on a full tenant insuring and repair lease. Rent is £28,200 per annum. For rates purposes the property is divided into three areas. Fitness studios - rateable value £15,500, smallest studio / hair salon RV £2,700 and beauty rooms RV £2,500.
Premises
The premises comprise one large and 2 smaller fitness studios, 4 treatments rooms, 4 station nail bar room, spray tan room, reception, office, stores and various ladies and gents toilets.