Gym and Pool Facility Investment For Sale in Margate, Kent

This property is marketed by:
Bonsors / SHW

Freehold Leisure Investment for sale in Margate, Kent  Price OIEO £200,000 

Key Features

• Comprises a detached two storey building extending to 9,091 sq ft (844.6 sq m), currently operating as a hydrotherapy pool and gym facility
• Let on 15 year lease expiring April 2035 with annual RPI-linked rent reviews
• Passing rent of £20,970 per annum
• Potential for alternative uses or residential redevelopment
• Total site area approximately 0.57 acres
• Offers invited in excess of £200,000

Description

The property comprises a detached two storey building constructed in 2014, currently operating as a pool and gym complex. The ground floor provides an indoor hydrotherapy pool, changing rooms, reception area with front desk, multiple WCs, whilst to the first floor there is a gym together with a studio and physiotherapy room. The property benefits from planning permission for the installation of a new Air Source Heat Pump (ASHP). If deemed necessary, they are to be installed at the expense of the adjoining developer. The site extends to 0.23 hectares (0.57 acres) and includes a surfaced car park providing 20 parking spaces.

Location

The property is located on Victoria Road in Margate, approximately 0.8 miles east of Margate town centre. The surrounding development site has outline planning permission for up to 150 new homes. Margate railway station is situated approximately 0.7 miles to the west of the property, providing direct services to Ramsgate, London St Pancras and London Victoria. The M2 motorway is located approximately 21 miles to the west of the property. The property is located within the administrative area of Thanet District Council.