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Gym Investment, The Hub, Bathgate, Menzies Road, EH48 1TQ
4,199 Sq Ft / Leisure / General Leisure
Withdrawn - Last updated: 01 November 2019
Offers over £XXX are sought for the heritable property subject to the existing lease.
The subjects comprise a modern former nightclub building constructed in breezeblock with single pitched metal roof. The original building has been sub-divided into three separate areas. The gym occupies the northern most unit.
We understand the subjects are leased to Fitness and Entertainment Activities Limited. The original lease was a 15 year lease on full repairing and insuring terms. The initial rent agreed was £XXX per annum with a five year rent review pattern subject to RPI increases compounded and capped at 4%. A service charge budget of £XXX/sq.ft subject to annual RPI increases is charged. Six car parking spaces were provided within the lease. There is a tenant only break option on the 10th anniversary subject to six months written notice, time being of the essence.
RPI uplift annually
Location
Bathgate itself has a population of some 26,500 people located just to the west of Edinburgh. The town has excellent communications with a railway station and close proximity to the M8 which runs to the south of the town. The town itself benefits from a cinema, community theatre, and library amongst many other amenities.Terms
We would consider this to be the transfer of a going concern investment.
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