Kingston Road, Wimbledon SW20

  Ref 024134    

Kingston Road, Wimbledon SW20

Ref 024134

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    • Description

    Ground floor newly created premises in a great position virtually opposite Wimbledon Network Rail Station. Let to franchise F45 Gyms on a 10 year lease from 2020 at £62,000 pa. There is an upward only rent review in the 5th year of the term. £800,000 sought for the investment (7.35% gross yield). The property is elected for VAT.

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    Area

    Ground floor unit 2200 sq ft (205 sq m)

    Lease

    A full repairing and insuring lease for a term of 10 years from January 2020 at a commencing rent of £62,000 pa plus VAT. The lease is within the Landlord & Tenant Act 1954. An upward only rent review at the 5th year of the term.

    Tenancy

    Let to Streamlined Communications Pte Limited (t/as F45 Gym). There is a 6 month rent deposit held for the term of the lease.

    Tenant Information

    F45 Gyms are a franchise operation trading from approximately 1300 units in 33 countries around the world including 570 in Australia and around 400 in the US.

    Tenure

    On a new 999 year lease at a peppercorn ground rent.

    VAT

    The property is elected for VAT.

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    Location

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