An opportunity to purchase a blue-chip investment property located on the borders of Peckham and Camberwell in South East London.
The property comprises c. 6,500 sqft of accommodation which is split over ground and first floors and is occupied by Pure Gym who are the largest privately owned gym operator in the United Kingdom.
The property is owned on a virtual freehold basis with 986 years unexpired and is currently let to PureGym for a term of 15 years from July 2019 (Expiry July 2034) with a tenant only break at year 10 (July 2029). The current passing rent is £93,500 + VAT per annum and is subject to a fixed 10% increase in 2029 to £102,850 + VAT per annum.
Steven Flannighan
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