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
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.
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
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.
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.
