Purpose built gym let to Fitness First, Solihull, comes to market for £1.7 million

30 January 2018

International real estate advisor Savills, on behalf of a private individual, has brought to market a purpose built fitness centre, fully let to Fitness First. Located in Solihull the unit has a guide price of £1.7 million.

The property in Ulleries Road was built in 2001 and provides 13,181 sq ft (1,224 sq m) of ground floor space, with a mezzanine providing a further 8,292 sq ft (770 sq m) added by the tenant. Fully let to Fitness First on a lease with 8.5 years unexpired the property generates an annual income of £123,500 per annum.

Located two miles from Solihull town centre the property benefits from a wide residential catchment area and is close to a neighbourhood scheme which includes Solihull Ice Rink, a retail parade including a Tesco Express and community facilities.

Ian Simpson, director in the leisure and trade related team at Savills, comments: “We are delighted to bring to market this fantastic opportunity to acquire a leisure property currently occupied by an experienced operator that benefits from a large residential catchment area.”

 
 

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