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Horton Park Avenue - Better Gym, Bradford, WYK

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Better Gym Horton Park Avenue

Bradford, BD5 0NL


Property type:Sports & Entertainment Sub Type:All Leisure Status:Existing Year built:1988
Floors:1 Typical floor:20,400 sq ft Building size:20,400 sq ft
For sale price:£1,600,000 Price:£78.43 sq ft
Yield:7.81 %
Amenities:EPC - C


The property comprises a single floor building predominately of steel portal frame construction with profiled metal sheet cladding and a similarly clad roof. The majority of the ancillary accommodation is housed in a brick built structure attached to the north elevation. The property was built in 1988.

The property is located on the corner of Horton Park Avenue and Canterbury Avenue, approximately 0.7 miles south west of the city centre between the inner and outer ring roads.

Sale Notes:
The property was constructed in 1988 and is predominately of steel portal frame construction with profiled metal sheet cladding and a similarly clad roof. The majority of the ancillary accommodation is housed in a brick built structure attached to the north elevation. The tenant has fitted out the club to provide a reception lounge, exercise studio, 2 gyms, spin room, male and female changing rooms, various treatment rooms and ancillary offices.

The property is held on a long lease from City of Bradford Metropolitan Council for a term of 99 years from 24th October 1988 at a peppercorn rent. There are therefore over 70 years unexpired. Offers of £1,810,000 subject to contract, to show a net initial yield of 6.5%, a reversionary yield in December 2017 of 7.38% and a true equivalent yield of approximately 7.36% after allowing for purchasers costs.

Let to Greenwich Leisure Limited t/a Better Gym until 2039 (subject to option in 2037) Prominent corner position fronting Horton Park Avenue and Canterbury Park Avenue Nearby occupiers include Lidl and Asda

Reid Rose Gregory
Simon Gregory
020 7518 1528

Bill Stephens
020 7518 1527




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