Nuffield Health Fitness & Wellbeing Centre, Nuffield Health Fitness And Wellbeing Centre, Highfield Park Drive
Size
59,323
Tenure
Freehold
EPC
Parking
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- Primary use
- Other leisure
No floor / site plan
Key features
- Freehold
- 1.5 miles south of St Albans town centre
- 59,323 sq ft (5,511 sq m) GIA
- 4.6 acre (1.9 ha) site
- Let to Nuffield Health Wellbeing Limited until December 2036, providing circa 10.5 years unexpired
- Total rental income of £1,005,388 pa subject to 5 yearly open market value rent reviews, next due in December 2026
- Strong trader for Nuffield with a good EBITDAR to rent cover ratio
- Nuffield undertaking extensive refurbishment of the gym and car park following major investment towards an overhaul of the roof
- Seeking offers in excess of £13,450,000 which reflects a 7.00% NIY assuming standard purchaser's costs and is equivalent to £227psf capital value. Subject to contract and exclusive of VAT.
Description
It is constructed of a steel portal frame with a cladding mixture of brick & block and profiled metal. A substantial capex plan was undertaken prior to covid focusing on the gym changing rooms and members cafe.
The tenant is undertaking a new capex plan which is being implemented over the course of Summer 2026 which will see refurbishment of the gym floor areas, new gym equipment and repairs to the car parking area. Works will be undertaken whilst keeping the club operational for members. This follows a significant investment from the tenant to conduct thorough works to the roof.
The club has a primary access point from Highfield Park Drive with secondary access possible from Hill End Road with both access points leading directly to the members on-side car park (203 spaces + 5 disabled).
- Service charge
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- Business rates
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- Use class
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- Listed building
- No
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Nuffield Health Fitness & Wellbeing Centre, Nuffield Health Fitness And Wellbeing Centre, Highfield Park Drive
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Disclaimer - Property reference Nuffield_StAlbans. 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 CBRE Pubs, London (Licensed, Leisure & Hotel Property). 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.