Secure long-let Pure Gym investment

Wolverhampton. Birmingham Road
WV2 3NH

Asking (STC) £2,710,000
Net Initial Yield 6.50%
Unexpired Term 12.5 years
  • Well-configured modern gym trading on two floors totalling 22,584 sq ft
  • Site area of 1.37 acres (0.56 ha) with approximately 91 car parking spaces
  • Passing rent 'topped up' to the March 2022 uplift level of £187,425 pa with a further uplift to come in March 2027 to £196,796 pa
  • 12.5 years unexpired to the most established budget gym operator, Pure Gym Limited, posting over £226m in revenue (YE 2018)
  • Highly prominent gym location on the busy arterial Birmingham Road
  • Freehold