Health Club Investment

Hemel Hempstead is an affluent commuter town in the south east, 25 miles north west of Central London. Purpose built 37,908 sq ft health club, with no premium fitness club competition in the immediate area. Leisure offering includes: large gym, swimming pool, créche and member’s café with 285 dedicated car parking spaces (by way of lease, licence & flexible spaces). Let to Nuffield Health, the UK’s largest healthcare charity, with an unexpired term of 11 years , the car parking spaces are let by way of a separate licence with a rolling mutual break option. Passing rent of £618,202 per annum, equating to £16.31 per sq ft. Lease benefits from fixed rental uplifts, rising to £716,665 in August 2026 and £830,811 in August 2031. The site also includes a multi-storey car park arranged across 3 floors, with a total of 442 spaces The property has a current Net Operating Income of £587,172 per annum. Ongoing asset management opportunity regarding the multi-storey car park that can be delivered immediately. Freehold site of 2.3 acres, with strong underlying alternative use value.