Entirely let to LA Leisure Ltd (t/a LA Fitness) guaranteed by LA Fitness Ltd and MOP Acquisitions (LAF) Ltd, until 2041
Nearby occupiers include Homebase, Yorkshire College of Beauty Training Academy and Marshall Wooldridge
Approximate site area of 0.74 hectares (1.83 acres)
Large on-site car park for approximately 132 cars
Six Week Completion Available
Rent rising to £176,568.94 in 2016
Lot 22
Auction 7th July 2011
Rent £152,306 per Annum Exclusive
Status Withdrawn Prior
Price
Sector Leisure
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
On Behalf of Joint LPA Receivers, Jones Lang LaSalle
Property Information
Location
Miles
9 miles north-west of Leeds, 7 miles north-east of Bradford, 33 miles west of York
Roads
A658, A660, M1 (Junction 45)
Rail
Guiseley Rail Station
Air
Leeds Bradford International Airport
Situation
The property is situated in a predominantly residential area on the western side of Haworth Lane less than 2 miles west of Leeds Bradford Airport. Nearby occupiers include Homebase, Yorkshire College of Beauty Training Academy and Marshall Wooldridge.
Tenure
Freehold.
Location
Miles
9 miles north-west of Leeds, 7 miles north-east of Bradford, 33 miles west of York
Roads
A658, A660, M1 (Junction 45)
Rail
Guiseley Rail Station
Air
Leeds Bradford International Airport
Situation
The property is situated in a predominantly residential area on the western side of Haworth Lane less than 2 miles west of Leeds Bradford Airport. Nearby occupiers include Homebase, Yorkshire College of Beauty Training Academy and Marshall Wooldridge.
Tenure
Freehold.
Description
The property comprises a self-contained health club over ground and first floors including gym and changing rooms, swimming pool, indoor running track and bar/lounge. The property also benefits from large on-site car parking for approximately 132 cars giving a total approximate site area of 0.74 hectares (1.83 acres).
NB. This property is being marketed on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect can be given. The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability.
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 self-contained health club over ground and first floors including gym and changing rooms, swimming pool, indoor running track and bar/lounge. The property also benefits from large on-site car parking for approximately 132 cars giving a total approximate site area of 0.74 hectares (1.83 acres).
NB. This property is being marketed on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect can be given. The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability.
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 (Reversions)
Ground & First
Health Club
3,607 sq m
(38,826 sq ft)
LA LEISURE LTD (t/a LA Fitness) (1) guaranteed by LA Fitness Ltd and MOP Acquisitions (LAF) Ltd
35 years from 21/06/2006 until 20/06/2041 on a full repairing and insuring lease
£152,306.52
21/06/2016 and 5 yearly thereafter (2)
Totals
3,607 sq m
(38,826 sq ft)
£152,306.52
(1) Created in 1996, LA Fitness is the trading name of LA Leisure Ltd. LA Fitness is a market leader when it comes to offering a wide range of fitness options. The company trades from 80 clubs in the UK and Ireland and has nearly 220,000 members (Source: www.lafitness.co.uk 10/06/2011) (2) Under the terms of the lease the rent review in 2016 is fixed to the passing rent plus 15.93%. Rental income will therefore increase to £176,568.94 in 2016. Subsequent reviews are RPI linked subject to a minimum increase of 1.5% and a maximum increase of 3.0% per annum.
