Details.
Offers in excess of £3.5m, subject to contract and exclusive of VAT, for a long-let leisure investment at PureGym, 155-159 Station Road, Sidcup DA15 7AA. The property is let to PureGym Limited for a term of 25 years from practical completion, subject to a tenant break in year 20. The rent is £218,960 per annum, payable monthly in advance. A 12 month rent free period has been granted. Rent reviews take place every five years and are linked to RPI, with a 1% collar and 3% cap. The property is elected for VAT, although the transaction is anticipated to be treated as a transfer of a going concern.