Well-let health and fitness club

Located in Newbury, an affluent market town in the county of Berkshire. A purpose-built 49,000 sq ft health and fitness club was recently upgraded with state-of-the-art Technogym equipment and includes a 20-metre swimming pool, spa, physio, squash courts and sports hall. The property is let on a term of 35 years from the 30th December 2002, providing a long unexpired term of 15.65 years. The passing rent is £661,500 per annum and is subject to 5 yearly Open Market Rent reviews. Site is situated next to two new residential developments with the subject site providing long term redevelopment potential (STP). There are excellent parking facilities on site, with approximately 240 customer car parking spaces equating to a ratio of 1: 19 sq m (1: 204 sq ft), which is a significant provision for a health and fitness club.