Business for Sale
GYM
Available
Markhouse Road, Walthamstow, London E17
(Reference No. 023906)

2475 SQ FT (230 SQ M)
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Location:
Situated on Markhouse Road between Downsfield Road & Low Hall Lane & close to the junction with Queens Road. Markhouse Road joins the A104 Leabridge Road at one end and St James Street at the other. St James Street Network station is the nearest station and Walthamstow Queens Road is also a short distance away. The roads at the rear of the premises mainly have unrestricted parking.

Description:
Long established “spit and sawdust” type gym mainly specialising in weights and cardiovascular activities. The premises are arranged over ground and first floor and have potential to extend further at first floor level, subject to the necessary consents. The premises are offered with all fixtures, fittings and equipment to include all weights and machines, sauna and steam room, showers, changing area etc. There is potential to refurbish and expand the premises and increase the membership. Currently it is a non-contract membership business with users paying daily, weekly, monthly or three monthly. The premises are held on a lease where there are no rental increases throughout the term.

Lease:
Held on a 20 year lease from 28th May 2014 at £35,000 pa without any rent reviews or increases.

Terms:
£125,000 is sought for the goodwill, fixtures, fittings and equipment.

Subject to Contract
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Claridges Commercial
Tel: 020 8559 1122  
Email:
contact@claridges-commercial.co.uk