Pure Gym Clifton Moor Retail Park York North Yorkshire YO30 4WZ

Pure Gym
Clifton Moor Retail Park
York
North Yorkshire
YO30 4WZ

Freehold Leisure Investment

  • Majority let to Pure Gym Limited until 2028 (subject to option)
  • Located on Clifton Moor Retail Park
  • Five Yearly RPI linked rent reviews
  • Nearby occupiers include Tesco Extra, Vue Cinemas, B&Q, Argos, Toys ‘R’ Us and Matalan
  • Lot
    17
  • Auction
    23rd October 2014
  • Rent
    £162,500 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,800,000
  • Sector
    Leisure
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Leisure Investment

  • Majority let to Pure Gym Limited until 2028 (subject to option)
  • Located on Clifton Moor Retail Park
  • Five Yearly RPI linked rent reviews
  • Nearby occupiers include Tesco Extra, Vue Cinemas, B&Q, Argos, Toys ‘R’ Us and Matalan
  • Lot 17
  • Auction 23rd October 2014
  • Rent
  • Status Sold
  • Price £1,800,000
  • Sector
    Leisure
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP

Property Information

Location
Miles
3 miles north of York City Centre
26 miles east of Leeds
Roads
A1237, A59, A64, A1 (M)
Rail
York Railway Station
Air
Leeds Bradford International Airport
Situation

The property is situated on Clifton Moor Retail Park, York’s principal retail warehouse destination offering food, shopping and leisure accommodation.
Clifton Moor is located on the A1237 York Outer Ring Road, some 3 miles from
the City Centre. Other occupiers on the Clifton Moor Retail Park include Tesco
Extra, Vue Cinemas, B&Q, Argos, Toys ‘R’ Us and Matalan.

Tenure

Freehold.

Location
Miles
3 miles north of York City Centre
26 miles east of Leeds
Roads
A1237, A59, A64, A1 (M)
Rail
York Railway Station
Air
Leeds Bradford International Airport
Situation

The property is situated on Clifton Moor Retail Park, York’s principal retail warehouse destination offering food, shopping and leisure accommodation.
Clifton Moor is located on the A1237 York Outer Ring Road, some 3 miles from
the City Centre. Other occupiers on the Clifton Moor Retail Park include Tesco
Extra, Vue Cinemas, B&Q, Argos, Toys ‘R’ Us and Matalan.

Tenure

Freehold.

Description

The property comprises a standalone retail warehouse over ground and mezzanine levels. The tenant has fitted out the property to provide a 24/7 health club complete with exercise studios, changing rooms and a large open plan gym and workout zone. In addition there is a small standalone police station and extensive on-site car parking.

VAT

VAT is applicable to this lot.

Viewings

There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Gwen Thomas. Telephone: +44 (0)20 7034 4857.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a standalone retail warehouse over ground and mezzanine levels. The tenant has fitted out the property to provide a 24/7 health club complete with exercise studios, changing rooms and a large open plan gym and workout zone. In addition there is a small standalone police station and extensive on-site car parking.

VAT

VAT is applicable to this lot.

Viewings

There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Gwen Thomas. Telephone: +44 (0)20 7034 4857.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews
1 Ground
Mezzanine
Health Club
Health Club
1,672.00 sq m
415.00 sq m
(18,000 sq ft)
(4,465 sq ft)
PURE GYM LTD (1) 25 years from 13/09/2013 until
12/09/2028 on a full repairing
and insuring lease (2)
£162,000 12/09/2018
and five
yearly (3)
2 Ground
Police Station
Not Measured
NORTH YORKSHIRE POLICE AUTHORITY 25 years from 19/03/1999 £500 (18/03/2024)
Totals    
2,087.00 sq m
(22,465 sq ft)
    £162,500  

(1) Pure Gym is one of the UK’s leading budget gym operators with 87 clubs around the UK, with a further 10 due to open shortly. They offer cheap gym membership (less than £20 pcm) without the need for a contract or joining fee. For the year ending 31st December 2013, Pure Gym Limited reported a turnover of £39,933,000, pre-tax profits of £2,158,000 and a total net worth of £8,206,000. (Source: www.riskdisk.com 22/09/2014)
(2)The lease provides an option to determine at the tenth anniversary of the term.
(3)The rent reviews are linked to RPI (collared and capped at 1% and 4%).

Property Documents

  • Catalogue Page
    Updated Date
    01.10.14
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    01.10.14
    File Size
    81 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Henry WilkinsonHenry Wilkinson +44 (0)20 7034 4861 Henry.wilkinson@acuitus.co.uk
Seller's Solicitors
Gowling WLG 4 More London Riverside
London
SE1 2AU
Khalil Ahmad 0207 759 6474khalil.ahmad@gowlingwlg.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now