Energie Fitness, Block A Bennett Court 40-42 Church Road Ashford Middlesex TW15 2UY

Energie Fitness, Block A Bennett Court
40-42 Church Road
Ashford
Middlesex
TW15 2UY

New Gym Investment in Popular London Suburb

Newly Constructed Ground Floor Gym in Busy Location
Entirely Let to Edwin Marshall Ltd t/a Energie Fitness until 2037 (Subject to Option)
Fronting Major New Residential Development
One of Few Large-scale Gym Facilities in the Area
Local Authority Development commencing Opposite
Busy Town Centre Location

Lot
35
Auction
22nd September 2022
Rent
£100,000 per Annum Exclusive
Rising to £105,000 on 01/01/2026
Status
Sold Prior
Price
Auction Venue
Live Streamed Auction
On behalf of a Major Developer

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New Gym Investment in Popular London Suburb

Newly Constructed Ground Floor Gym in Busy Location
Entirely Let to Edwin Marshall Ltd t/a Energie Fitness until 2037 (Subject to Option)
Fronting Major New Residential Development
One of Few Large-scale Gym Facilities in the Area
Local Authority Development commencing Opposite
Busy Town Centre Location

Lot 35
Auction 22nd September 2022
Rent £100,000 per Annum Exclusive Rising to £105,000 on 01/01/2026
Status Sold Prior
Price
Sector
Leisure
Auction Venue
Live Streamed Auction
On behalf of a Major Developer

Property Information

Location

Miles: 19 miles west of Central London, 3 miles east of Slough
Roads: M3, M25, A30, A308
Rail: Ashford Railway Station
Air: London Heathrow

Situation

The property is located in the affluent west London suburb of Ashford approximately 3 miles south of London Heathrow Airport. Ashford is a busy well connected suburb being within 10 minutes driving time to the M3, M4 and M25 and roughly 35 minutes by train to London Victoria. The property is prominently situated on the north side of Church Road (B373), the primary retailing thoroughfare in Ashford. Nearby occupiers include Co-Op Convenience Store, Sainsbury's Local, Greggs, KFC, NatWest and Costa Coffee.

Tenure

Virtual Freehold. Held for a term of 999 years at a peppercorn ground rent from 17th May 2022.

Location

Miles: 19 miles west of Central London, 3 miles east of Slough
Roads: M3, M25, A30, A308
Rail: Ashford Railway Station
Air: London Heathrow

Situation

Tenure

Virtual Freehold. Held for a term of 999 years at a peppercorn ground rent from 17th May 2022.

Description

The property comprises a newly fitted, DDA compliant, ground floor gym in a brand new 357 unit residential development complex. The property is situated on an attractive public square to the front. The property benefits from the right to use 13 car parking spaces, the adjacent loading bay and the square for outdoor seating.

VAT

VAT is applicable to this lot.

EPC

Band A.

Description

VAT

VAT is applicable to this lot.

EPC

Band A.

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.	Review/(Reversion)
Ground	Gym	563.92	(6,070)	EDWIN MARSHALL LIMITED t/a Energie Fitness (4)	15 years from 17/05/2022 (1)	£100,000 (2)	17/05/2027 and 17/05/2032 (16/05/2037)
Total Approximate Floor Area		563.92	(6,070)			£100,000 (3)

(1) The lease provides a tenant option to determine the lease on 16/05/2032 upon serving 6 months written notice.
(2) The lease provides for the rent to be increased to £105,000 per annum exclusive on 01/01/2026.
(3) The rent is due to commence on 17/08/2023. The Seller will make an allowance from completion of the sale until the rent commencement date - please see Special Conditions of sale.
(4) Energie Fitness are a multi award-winning franchise brand that’s had 3 consecutive Top 10 rankings in the Elite Franchise Top 100 UK Franchises 2019-2021, securing their place as the #1 Fitness Franchise in the UK.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.