Available
Aspatria – Gymnasium
Old Market Hall, Market Square, Aspatria, Cumbria CA7 3EZFreehold Leisure Investment with Future Residential Development Potential
Price
£185,000
Rent P.A.
£14,400
Yield
7.78%
Tenure
Freehold
Lease Term
5 Years
Years Left on Lease
5m
Area
4,355 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises detached former church building currently operating as a gymnasium
- Total gross internal area 404.59 sq m (4,355 sq ft)
- Future residential development potential, subject to planning and vacant possession
- Nearby occupiers include Boots Pharmacy and Co-Op Food, amongst other retailers.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
The property comprises detached former church building currently operating as a gymnasium, providing the following accommodation and dimensions:
Ground Floor: 228.52 sq m (2,460 sq ft)
Open plan gym area, Changing Rooms, Office, Reception
First Floor: 106.54 sq m (1,147 sq ft)
Open plan gym area, Changing Rooms
Second Floor: 69.53 sq m (748 sq ft)
Open plan gym area
Total gross internal area: 404.59 sq m (4,355 sq ft)
Ground Floor: 228.52 sq m (2,460 sq ft)
Open plan gym area, Changing Rooms, Office, Reception
First Floor: 106.54 sq m (1,147 sq ft)
Open plan gym area, Changing Rooms
Second Floor: 69.53 sq m (748 sq ft)
Open plan gym area
Total gross internal area: 404.59 sq m (4,355 sq ft)
Tenancy Description
The property is at present let to an Individual t/a Yates Evolution Gym for a term of 5 years from 18th October 2019 at a current rent of £14,400 per annum and the lease contains full repairing and insuring covenants. No breaks.
Tenancies & Accommodation
Location Description
Aspatria is a market town in west Cumbria, some 15 miles southwest of Carlisle and J43 and J44 of the M6 motorway. The property is located at the heart of the town centre and fronts prominently onto the A596 connecting Carlisle to Workington via Maryport with nearby occupiers include Boots Pharmacy and Co-Op Food, amongst other local retailers.