Leisure Investment Opportunity In The Heart Of Wimbledon

Summary

• Located in Wimbledon, one of London’s most affluent and desirable suburban districts, known for its high-quality residential environment, strong local amenities, and reputation as a retail and leisure destination.
• Situated in a prominent position on Worple Road, a key route into Wimbledon town centre, the property benefits from excellent visibility and consistent footfall. The road links surrounding residential areas with the town centre and its proximity to major anchors such as Sainsbury’s helps drive strong levels of passing trade.
• Let to Virgin Active Ltd for a term of 35 years from October 2003. Passing rent of £509,879 pa, subject to 5 yearly rent reviews fixed to 2.5% pa compounded.
• The next rent review will take place in October 2028 rising to £576,881 pa (£20 psf) and in October 2033 to £652,688 pa (£23 psf).
• Refitted (approx. 3 years ago) premises comprising a health and fitness club of 28,243 sq. ft (2,623.86 sq m).
• Long leasehold interest - 125 years from July 1998 at a peppercorn rent (97 years unexpired).