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Leisure facility for sale

2-4 Leigham Court Road, London, SW16 2BH

£500,000

£268.53 per sq ft

Business rates & charges may apply

Stirling Ackroyd, Commercial
SIZE AVAILABLE

1,862 sq ft

173 sq m

SECTOR

Leisure facility for sale

Floor Plan
1

Key features

  • 7.2% Gross yield, before any purchaser costs
  • Sale price £500,000 for the benefit of the Long Leasehold
  • Freehold also available subject to further negotiation
  • Current Income - £36,000 per annum
  • Current tenant - Body Fit Training (BFT)
  • Prominent Location - Close to Streatham Hill Station

Description

Description
HEAD LEASE/LONG LEASE : The virtual-freehold/long leasehold is available (250-years from 2014) at a guide price of £500,000 (ex. VAT). The long leasehold is subject to a Ground Rent of £300 per annum

The Freehold is also available at an additional price - terms on application/subject to further negotiation

The purchase price of £500,000 reflects a Gross Yield of 7.2% before any purchaser costs

TENANT DETAILS : The premises are let on a FRI lease to a Body Fit Training (“BFT”) gym franchisee, who also owns a second BFT gym in Battersea, London.

TENANCY DETAILS : The property is let on a FRI lease to FHL Streatham Ltd (with a guarantor from FHL Battersea Ltd), for a term of 10-years (held outside The 1954 Act) expiring in August 2035. The lease allows for a tenant-only break option which can be exercised in August 2030

The current rent is £36,000 per annum exclusive, with the next rent review in August 2030 (upwards-only, RPI-index based). A 3-month rent deposit is held as a lease security.

The Tenant benefits from a rent-free period until 11th March 2026.

Location
The premises are situated on Leigham Court Road close to the prominent junction with Streatham High Road (A23)

Streatham Hill offers a high density of residential occupiers as well as national and local retail/office occupiers in close proximity.

Streatham Hill National Rail Station, Marks & Spencer and the London Square Streatham Hill residential development are all within 2 minutes walk

The property is located within the London Borough of Lambeth

Energy Performance Certificates

EPC

Brochures

2-4 Leigham Court Road, London, SW16 2BH

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Streatham Station0.8 miles
  • Streatham Hill Station0.1 miles
  • Streatham Common Station1.4 miles

About Stirling Ackroyd, Commercial

40 Great Eastern Street, London, EC2A 3EP

At Stirling Ackroyd, the city is in our DNA. We understand the way London operates and how people buy, sell, rent or let property. As one of the first East London estate agents, we have played a vital role in the residential and commercial development of Central and East London and through this, we have gained an integral understanding of local values and an unparalleled local knowledge of the area.

We are one of the leading commercial estate agents for commercial property in London. We provide our clients with the full range of comprehensive, professional, and up to date occupational and investment services with dedicated teams covering all commercial property sectors.

Our Commercial Property Services include Leasehold and Freehold disposal, Property Acquisition and Investment and Development Services. We cover Retail space, Industrial space, Office space, Investment properties and Land Acquisition, so can help in all your commercial property needs. Set up originally in a small office on Curtain Road, in the then unfashionable northern City fringe, we have watched the community we are part of grow into the prime property locations you see today.

Whether you are looking for office space in the heart of Tech City, a restaurant or café in the vibrant and ever-changing streets of Shoreditch and Hackney, our team are available to assist with every aspect from leasing through to investment.

Notes

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Disclaimer - Property reference 346583-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Stirling Ackroyd, Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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