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Leisure Facility to rent

Ironmonger Road, London

£53,000 pa| £4,417 pcm

Property Description

Letting information:

Furnishing: Unfurnished

Key features

  • Yoga school & Studio lease/business for sale located near Old Street in London
  • Hot Yoga studio/school
  • 1,995 sq ft studio (Capacity 55)
  • Established business founded in 2011
  • Great client base
  • Studio is located close to Old Street Underground station in the EC1 postcode area
  • 19 full time instructors

Full description

Garrison Property are delighted to offer this Yoga school & studio lease/business for sale located near Old Street in London. The business is currently run as Hot Yoga school.

The unit benefits from a 1995 sq ft studio (Capacity 55 people at the time ) along with male/female changing rooms each with shower facilities, reception, lockers, yoga mats, Sonos music system.

This is an established business founded in 2011, that has built up a great client base. The website currently generates 2,800 unique visitors a day and growing. This is the ideal opportunity for someone to take over this business and open more centres and also explore the possibility of franchising the business. Currently there are 19 part time instructors and 10 classes per day. The studio is also available to hire. The centre is open from 7 AM to 10 PM and generates a turnover of £300,000 per annum.

The studio is located close to Old Street Underground station in the EC1 postcode area. This a great Central London location which means it will be possible to expand its already big client base even further.

Rent: £53,000 per annum
Premium for the business: £323,000
Remaining Lease: 6 years (starting from October 2016)
Rates: £12960 per annum
Service charge: £6,000 per annum

Opening hours

7AM – 10PM

Staff

19 part time instructors

Size: (Approx)

Total facility 1,995 sq ft

Please ensure you contact Garrison Property today as this is the ideal opportunity to take over an established yoga business in Central London

Notice

Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.



Notice
All photographs are provided for guidance only.


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