This is now off the market

  1. Realla
  2. Commercial property for sale
  3. Lincoln

DW Fitness Club, Tritton Road, Lincoln, LN6 7QY – Lincoln

This is now off the market

Allsop
Status
Under offer
Contact name
Ronnie Morgan
Full address
Tritton Road, Lincoln, Lincolnshire LN6 7QY – Lincoln
Contact details

020 *** ****

When prompted enter this code:

Or use the form below to email the agent

Asking price
£2,100,000
Features
Cafe, Car park, Gym, Open plan, Reception, Shower, Train transport
Size
1.76 acres
Tenure
Freehold
NIY (%)
7.22

Opportunity to purchase a property let to Dave Whelan Sports Ltd – the UK’s second largest gym operator with over 120 gyms and 90 retails stores.
□ High profile location fronting the busy Tritton Road (B1003), south of the city centre.
□ 20 year lease from 25th July 2013 (14.5 years unexpired).
□ Current rent passing of £139,112 pa with a guaranteed fixed rental uplift to £161,268 pa in July 2022 and £186,953 pa in July 2027.
□ Low current passing rent of £7.25 psf.
□ Freehold.
□ Benefits from on-site parking for approximately 123 cars.
□ Site area of approximately 1.76 acres (0.71 ha).
□ Offers sought in excess of £2,100,000 reflecting an attractive net initial yield of 6.23% rising to a guaranteed reversionary yield of 7.22% (July 2022) assuming purchaser’s costs at 6.30%.

This commercial property for sale is located in Lincoln.

Search for all available commercial properties for sale in Lincoln

Please enable JavaScript to view Google Maps...

Please enable JavaScript to view Google Maps...

Contact property agent

Please supply either an email address or phone number

By submitting this form, you accept our Terms & conditions & Privacy policy Please note that Realla will send the above details to Allsop only.

Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Allsop. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Allsop for full details and further information.