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Virgin Active Health Club, Riverside West, Smugglers Way, Wandsworth 

 

Price: £12,950,000 - Initial Yield:5.00%

Date: Q1 2017

Acting on behalf of TH Real Estate we advised on the sale of this prime leisure investment to Orchard Street Investment Management for £12.95m, reflecting a net initial yield of 5.00%. 

The property comprises a high specification health & fitness club developed in 2002 with a total floor area of 40,192 sq ft. Let in its entirety to Virgin Active Limited at low passing rent of £691,104 p.a (£17.20 psf) with an unexpired lease term of 20 years. 2021 rent review linked to RPI collared at 1% and capped at 3% compounded annually.

Contact

David Kos

Tel: 020 7493 3330
Mob: 07709 813267
dkos@lewisellis.co.uk

Julian Gallagher

Tel: 020 7493 3330
Mob: 07941 413 299
jgallagher@lewisellis.co.uk


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