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Pure Gym 125 Copenhagen Way

13,750 SF Retail Building Norwich NR3 2RT £2,190,000 (£159/SF) 7.94% Net Initial Yield

Shops & Retail Properties Norfolk Norwich 125 Copenhagen Way, Norwich, NFK NR3 2RT

Investment Highlights

  • Located in a densely populated suburb of Norwich
  • The property has frontage to the A1402 Aylsham Road which is one of the main arterial roads to the north of the city centre
  • The property lies in the densely populated suburb of Hellesden which is located north of Norwich city centre

Executive Summary

The property comprises a modern single storey steel frame construction with 83 dedicated customer car parking spaces.
The entire property is let to Pure Gym Limited (Company number: 06690189) on a full repairing and insuring lease from 14th January 2019 expiring on 13th January 2034 at a passing rent of £173,937.50 per annum (£12.65 psf).
The lease is subject to a fixed increase of £191,331.25 per annum (£13.92 psf) on 14th January 2029 which reflects fixed increases of 1.92% per annum compounded.
The tenant has a further 9.8 years to expiry.

Attachments

Copenhagen Way

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Health Club
Building Size
13,750 SF
Building Class
B
Year Built
2001
Price
£2,190,000
Price Per SF
£159
Net Initial Yield
7.94%
NOI
£173,938
Tenancy
Single
Number of Floors
1
Building FAR
0.38
Lot Size
0.82 AC

Amenities

  • Roller Shutters
1 of 1

Nearby Major Retailers

Pure Gym
Co-operative Food
ALDI
Londis
NatWest
Virgin Active
T S B
Iceland
All Bar One
ASDA
+44 20 7317 3700

Contacts

  • Listing ID: 34081908

  • Date on Market: 04/12/2024

  • Last Updated:

  • Address: 125 Copenhagen Way, Norwich NR3 2RT

The Retail Property at 125 Copenhagen Way, Norwich, NR3 2RT is currently available for sale. Contact KLM Real Estate for more information.

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Will Andrews

+44 20 7317 3700

+44 20 7317 3700

Mark Smith

+44 20 7317 3700

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Ed Gambarini

+44 20 7317 3713

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