• Listing ID: 1121507

High Yielding Secure Investment Property In Essex For Sale


Price Reduced

Location:
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Asking price:
£435,000
Sales revenue:
£32,900
Cash flow:
£32,900
Years established:
7


1/2


An opportunity to acquire a secure, appreciating freehold investment. The property is situated on a popular trading estate in Essex within 2 minutes walk to London mainline railway station. Let to established, successful tenant operating as unique specialist gymnasium on new 15 year FRI lease from 08. 10. 10 at £32, 900 pa exclusive of rates with upward rent reviews due 2014 and every 4 years thereafter. (Yield : 7.5% with opportunity to improve)
The business has been established for 7 years and the tenant has completely refurbished the property and comprises a state-of-the-art 6, 000 sq ft ground floor gym, with a further 1, 200 sq ft of luxury self contained studio and offices on additional 2 floors, all with complete security, smoke and fire alarm systems and ample forecourt parking. All enquiries from principals only please direct to owner.


Premises details:
End terrace, 3 storey freehold on popular trading estate with good connections to bus, rail and London Southend airport
Size in square feet:
7,200

Expansion potential:
15 year FRI Lease from Oct 2010, with upward rent reviews every 4 years
Competition / Market:
Specialist gym with no local competition
Reasons for selling:
Owner wishes to pursue other business interests
Trading hours:
7 days/week

For more information about this business for sale, click the Contact Seller button.


Please only contact this seller if you have a GENUINE interest in buying this business. DO NOT MAKE CONTACT if you wish to sell your third party goods or services as you will be blocked from this site.

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