Leisure investment for sale in Gosport

This property is marketed by:
Keygrove Chartered Surveyors

Key Features

• Initial Yield of 7.22% excluding purchasers costs.
• 5 year lease from April 2023
• Good Car Parking

Description

This is a combination of four office buildings arranged over two storeys and occupied by Gosport Fitness24 Gym and Health Club Limited on a 5 year lease from 3rd April 2023. The rent is £65,000 per annum. The lease provides for an index linked rent review in the 3rd year

The offices have been combined and arranged as a gym floor on the ground floor with shower and changing room facilities, spinning studio, creche and relaxation space on the first floor. The offices could be reinstated as four small independent office buildings in future.

There are suspended ceilings, some led lighting and air conditioning. Flooring is a combination of carpet, tiles, lino and specialist gym flooring.

Location

Aerodrome Road is an established commercial area situated approximately 3 miles to the south of Fareham Town Centre, and 3 miles to the north of Gosport Town Centre. There is good motorway access onto the M27 at Junction 11. Local occupiers include office tenants, retailers and leisure businesses.