Unit 2, 191-199 Southampton Way, Camberwell, London
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Key features
- Commercial property let to Pure Gym for sale
- Property measures c.6,500 sqft over ground & first floors
- 15 year lease from July 2019
- Current passing rent of £93,500 & fixed increase in 2029 to £102,850
- Pure Gym largest privately owned Gym Group in UK
- Guide price: £1.225M (7.63% gross return)
Description
An opportunity to purchase a blue-chip investment property located on the borders of Peckham and Camberwell in South East London.
The property comprises c. 6,500 sqft of accommodation which is split over ground and first floors and is occupied by Pure Gym who are the largest privately owned gym operator in the United Kingdom.
The property is owned on a virtual freehold basis with 986 years unexpired and is currently let to PureGym for a term of 15 years from July 2019 (Expiry July 2034) with a tenant only break at year 10 (July 2029). The current passing rent is £93,500 + VAT per annum and is subject to a fixed 10% increase in 2029 to £102,850 + VAT per annum.
Commercial property let to Pure Gym for sale
Property measures c.6,500 sqft over ground & first floors
15 year lease from July 2019
Current passing rent of £93,500 & fixed increase in 2029 to £102,850
Pure Gym largest privately owned Gym Group in UK
Guide price: £1.225M (7.63% gross return)
Brochures
Unit 2, 191-199 Southampton Way, Camberwell, London
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Denmark Hill Station0.7 miles
- Peckham Rye Station0.8 miles
- Queens Road Peckham Station1.1 miles
Notes
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