Leisure for sale

Gym Investment

Excellent Investment Opportunity for Sale

15 year lease (with 10 year break-option)

Anytime Fitness franchisee

Passing rent £33,000pa plus service charges

Heritable sale subject to the existing lease

Gross yield of 8.25%

Anytime Fitness has a World Wide network of some 3000 franchisees

Gym Investments/Anytime Fitness, The Hub, Menzies Road, Bathgate, West Lothian EH48 1TQ

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Bathgate itself has a population of some 26,500 people located just to the west of Edinburgh. The town has excellent communications with a railway station and close proximity to the M8 which runs to the south of the town. The town itself benefits from a cinema, community theatre, and library amongst many other amenities.
Local authority: West Lothian Council

Transportation

Good public transport links are available in the nearby area.

Airports

Edinburgh 11.1m, Glasgow 30.5m

National rail

Bathgate 0.4m, Armadale (W Lothian) 2.2m, Livingston North 3.9m

Amenities

All usual amenities are available within the vicinity.

Offers

Offers over £400,000 are sought for the heritable property subject to the existing lease.

Further information

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Lease overview

We understand the subjects are leased to Fitness and Entertainment Activities Limited. The original lease was a 15 year lease on full repairing and insuring terms. The initial rent agreed was £32,000 per annum with a five year rent review pattern subject to RPI increases compounded and capped at 4%. A service charge budget of £1/sq.ft subject to annual RPI increases is charged. Six car parking spaces were provided within the lease. There is a tenant only break option on the 10th anniversary subject to six months written notice, time being of the essence.

Tenancy schedule
Tenant Rent (p.a.)
Fitness and Enter...More£33,000
Service charge

RPI uplift annually

Viewings

All viewings must be arranged through the vendor's sole selling agents, Graham + Sibbald. Please do not approach the property without an appointment.

Legal costs

Each party will bear their own legal costs in the transaction. The purchaser will be responsible for any LBTT.

VAT

We would consider this to be the transfer of a going concern

Property marketed by:

Graham + Sibbald
Graham + Sibbald
Quote reference: SALE-36207
Please read carefully 1. These particulars are intended as guide only. Their accuracy is not warranted or guaranteed. Intending Purchasers/Tenants should not rely on these particulars but satisfy themselves by inspection of the property. Photographs only show parts of the property which may have changed since they were taken. 2. Graham & Sibbald have no authority to give any representation other than these particulars in relation to this property. Intending Purchasers/Tenants take the property as they find it. 3. Graham & Sibbald are not authorised to enter into contracts relating to this property. These particulars are not intended to nor shall they form part of any legally enforceable contract and any contract shall only be entered into by way of an exchange of correspondence between our client's Solicitors and Solicitors acting for the Purchaser/Tenants. 4. All plans based upon Ordnance Survey maps are reproduced with the sanction of Controller of HM Stationery. 5. A list of Partners can be obtained from any of our offices.