THE SHREDQUARTERS, 57-61 HIGH STREET, WALTON ON THAMES

SOLD

Disposal of a leisure investment.

• Modern, Use Class ‘E’ gym and retail showroom investment, built 2016.
• Located in Walton-on-Thames, an affluent South- West London commuter hub and commercial centre.
• Prominent town centre, high street location.
• Modern FRI lease for 10 years, (without break), from 15th December 2021, to Kultivate Consulting Ltd (t/a ‘The Shredquarters’ gym franchise).
• Initial rental – £70,000 pa (£19.25psf), payable quarterly in advance.
• 6 month rent deposit and personal guarantees for duration of lease.
• Rent review to Market Rental in Year 5.
• Low initial rental with realistic prospects of uplift at review.
• Virtual Freehold – 250 years Leasehold from August 2016 at peppercorn rental.
• Price: OIEO £800,000, exclusive of VAT.
• Initial Yield – 8.30% (net of Purchaser’s Costs).
• Subject to Contract.

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