PROPERTIES

DW Fitness First 54 Willis Way, Fleetsbridge, Poole, BH15 3SY

Price£2,530,000

PDF DETAILS

DW Fitness First 54 Willis Way, Fleetsbridge, Poole, BH15 3SY

  • Income£202,760
  • Yield7.5%
  • SectorHigh Street Retail
  • StatusSold
PDF DETAILS

Well Secured South Coast Investment Opportunity

Summary

  • Located in the affluent coastal town and commercial centre of Poole.
  • The subject property is situated on the south side of Willis Way at the junction with Fleets Lane within the heart of Poole’s trade and retail warehousing district and an established residential suburb.
  • Total area of 18,174 sq ft.
  • Poole is home to several multinational UK HQs to include, Barclays Bank, American Express, Siemens and Sunseeker.
  • Freehold.
  • Entirely let to Fitness First Clubs Ltd until 29th April 2039 with a tenants break on 30th April 2029 providing approximately 8.25 years unexpired.
  • Current rent of £202,760.
  • Poole is the home of Fitness First UK HQ.
  • Property benefits from Class E (commercial, business and service) use.
  • Offers £2,530,000 (TWO MILLION FIVE HUNDRED AND THIRTY THOUSAND POUNDS) Subject to contract and exclusive of VAT.
  • Net initial yield of 7.5% after allowance for purchaser’s costs of 6.38%.