Let to Greenwich Leisure Limited t/a Better Gym until 2039 (subject to option in 2037)
Prominent corner position fronting Horton Park Avenue and Canterbury Park Avenue
Nearby occupiers include Lidl and Asda
The site benefits from ample on-site parking and a site area of approximately 1.58 acres (0.64 hectares)
Lot 48
Auction 7th December 2017
Rent £136,000 per Annum Exclusive
Status Sold Prior
Price
Sector Leisure
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
9 miles west of Leeds
8 miles north of Huddersfield
Roads
A6177, M606 (Junction 3)
Rail
Bradford Interchange Rail
Air
Leeds/Bradford International Airport
Situation
The property occupies a prominent corner position fronting Horton Park Avenue and Canterbury Avenue, less than a mile south-west of Bradford City Centre. The surrounding area is predominantly residential, with the vast majority of the local commercial offer situated on Great Horton Road. Adjoining the site are both Horton Park and Park Avenue Cricket Ground, the latter of which is currently undergoing a regeneration plan to provide state of the art facilities. Other nearby occupiers include Asda and Lidl.
Tenure
Long Leasehold. Held from Bradford Metropolitan Council for a term of 99 years from 24/10/1988 at a
peppercorn rent.
Location
Miles
9 miles west of Leeds
8 miles north of Huddersfield
Roads
A6177, M606 (Junction 3)
Rail
Bradford Interchange Rail
Air
Leeds/Bradford International Airport
Situation
The property occupies a prominent corner position fronting Horton Park Avenue and Canterbury Avenue, less than a mile south-west of Bradford City Centre. The surrounding area is predominantly residential, with the vast majority of the local commercial offer situated on Great Horton Road. Adjoining the site are both Horton Park and Park Avenue Cricket Ground, the latter of which is currently undergoing a regeneration plan to provide state of the art facilities. Other nearby occupiers include Asda and Lidl.
Tenure
Long Leasehold. Held from Bradford Metropolitan Council for a term of 99 years from 24/10/1988 at a
peppercorn rent.
Description
The property comprises a substantial, detached building currently arranged to provide reception, two open plan gym areas, fitness studio, treatment rooms, male and female changing facilities and ancillary offices. The property benefits from ample on-site car parking and a substantial site area of approximately 1.58 acres (0.64 hectares).
VAT
VAT is applicable to this lot.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a substantial, detached building currently arranged to provide reception, two open plan gym areas, fitness studio, treatment rooms, male and female changing facilities and ancillary offices. The property benefits from ample on-site car parking and a substantial site area of approximately 1.58 acres (0.64 hectares).
VAT
VAT is applicable to this lot.
Completion Period
Six week completion
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
Health and Fitness Club
1,895.2 sq m
(20,400 sq ft)
GREENWICH LEISURE LIMITED t/a Better Gym (1)
35 years from 20/05/2004 until 19/05/2039 on a full repairing and insuring lease (2)
£136,000
01/12/2022 and five yearly
Totals
1,895.2 sq m
(20,400 sq ft)
£136,000
(1) Greenwich Leisure Limited was established in 1993 and is the UK’s largest social enterprise charitable leisure provider, currently managing over 258 facilities operating under the 'Better' brand (Source: www.better.org.uk). For the year ending 31st December 2015, Greenwich Leisure Limited reported pre-tax profits of £338,215 and a total net worth of £10,251,835 (Source: Experian Group 07/11/2017). (2) The lease provides a tenant option to determine on 02/12/2037.
Contacts
Associate Auctioneers
Reid Rose Gregory 17 Woodstock Street London W1C 2AJ
