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Snap Fitness, Chiswick High Road, London W4

 

Price: £2,223,000 - Initial Yield:5.50%

Date: Q2 2018

Acting on behalf of AEW Long Lease REIT we advised on the purchase of this leisure investment from a private investor for £2.223m, reflecting a net initial yield of 5.50%.

The property comprises a 5,918 sq ft gymnasium based over ground and lower ground floors and forms part of the 500 Chiswick High Road Redrow residential development, which completed in Q1 2017. The property will be let to MSG Life Realty Ltd t/a Snap Fitness on a new 15 year lease at a passing rent of £130,000 p.a. and benefits from compounded RPI uplifts every 5 years with a collar and cap of 1% - 4%.

Contact

David Kos

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


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