Gross internal area of 2,605.82 sq m (28,049 sq ft
Total approximate site area of 0.71 hectares (1.75 acres)
Large car park for approximately 150 cars
Excellent access to the M4 motorway via the A4051
SPV available (Stamp Duty Saving) by separate negotiation
Nearby occupiers include Ford, Texaco and Avondale Motor Company
Lot 17
Auction 22nd February 2011
Rent £263,912 per Annum Exclusive
Status Withdrawn Prior
Price
Sector Leisure
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
6.3 miles north of Newport
18 miles north east of Cardiff
34 miles north west of Bristol
Roads
A4051, A4042, M4 (Junction 25A, 26)
Rail
Cwmbran Railway Station
Air
Cardiff International Airport, Bristol International Airport
Situation
The property is situated on the southern side of Wilcrick Place, 8.3 miles north-west of the Celtic Manor Resort Golf Club and some 0.5 miles from Cwmbran Drive (A4051) which connects directly to the M4 motorway. Nearby occupiers include Ford, Texaco, Avondale Motor Company and IMO Car Wash.
Tenure
Freehold.
Location
Miles
6.3 miles north of Newport
18 miles north east of Cardiff
34 miles north west of Bristol
Roads
A4051, A4042, M4 (Junction 25A, 26)
Rail
Cwmbran Railway Station
Air
Cardiff International Airport, Bristol International Airport
Situation
The property is situated on the southern side of Wilcrick Place, 8.3 miles north-west of the Celtic Manor Resort Golf Club and some 0.5 miles from Cwmbran Drive (A4051) which connects directly to the M4 motorway. Nearby occupiers include Ford, Texaco, Avondale Motor Company and IMO Car Wash.
Tenure
Freehold.
Description
The property comprises a purpose built HEALTH AND FITNESS CLUB on ground, first and second floors. The property benefits from facilities including a GYM, STUDIO, SWIMMING POOL AND SPA and RESTAURANT. In addition, the property benefits from an extensive on-site car park providing spaces for approximately 150 cars and a total approximate site area of 0.71 hectares (1.75 acres).
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a purpose built HEALTH AND FITNESS CLUB on ground, first and second floors. The property benefits from facilities including a GYM, STUDIO, SWIMMING POOL AND SPA and RESTAURANT. In addition, the property benefits from an extensive on-site car park providing spaces for approximately 150 cars and a total approximate site area of 0.71 hectares (1.75 acres).
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground First Second
Health & Fitness Club
1,452.43 sq m 1,009.10 sq m 144.28 sq m
(15,634 sq ft) (10,862 sq ft) (1,553 sq ft)
INVICTA (CLUB INDIGO) LTD (1) (guaranteed by ESPORTA LTD) (2)
25 years from 24/06/2000 until 23/06/2025 on a full repairing and insuring lease
£263,912
24/06/2015 and 5 yearly thereafter
Totals
2,605.81 sq m
(28,049 sq ft)
£263,912
(1) Invicta (Club Indigo) Ltd is a subsidiary of Esporta Health & Fitness Ltd which has 55 health clubs throughout the UK offering sports, fitness, health and beauty facilities. (Source: www.esporta.com 20/01/2011) (2) For the year ending 31st December 2009, Esporta Ltd reported pre-tax profits of £1,022,000 and a total net worth of £43,621,000. (Source: www.riskdisk.com 24/01/2011)
