Other

Pure Gym, East End Road, Finchley 

 

Price: £4,550,000 - Initial Yield:6.14%

Date: Q1 2017

Acting on behalf of Kames Capital we advised on the purchase of this leisure investment for £4.55m, reflecting a net initial yield of 6.14%.

The property comprises a detached purpose built two storey gymnasium and cricket facility extending to 31,131 sq ft and is held long leasehold from the London Borough of Barnet for a further 125.5 years at a peppercorn rent. The property is let in its entirety to Pure Gym Ltd for a further 19.8 years at a current passing rent of £297,604 per annum.

Contact

David Kos

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


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