Will Adams Way | Gillingham ME8 6BY
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Will Adams Way
Gillingham ME8 6BY
Roko Health Clubs · Retail Property For Sale
Investment Highlights
- Portfolio Acquisition Also Available
- Parking for approximately 124 cars with 50 additional overflow parking spaces
- Site extending to approximately 1.26 hectares (3.12 acres)
Executive Summary
Long leasehold, 105 years unexpired, 20m indoor swimming pool, spa area and open plan gym floor & 3,131 members as at April 2024.
The portfolio comprises a collection of three long leasehold and one short leasehold assets. The leasehold properties have been operated under the Roko brand and generate trading revenue from memberships, concessions, day nurseries, beauty treatment rooms, swimming lessons, personal training and studio hire.
The health clubs have been operated successfully as individual venues and could be operated as independent enterprises, or integrated into existing health and fitness groups where geographical opportunities allow, or where operating synergies arise. Alternatively, the four sites could be purchased as a group to form the basis of a new independent group operation.
Each club comprises a fully equipped operational entity but also offers significant potential for enhancement with strategic capital investment, which would unlock substantial income and capital value.
The portfolio comprises a collection of three long leasehold and one short leasehold assets. The leasehold properties have been operated under the Roko brand and generate trading revenue from memberships, concessions, day nurseries, beauty treatment rooms, swimming lessons, personal training and studio hire.
The health clubs have been operated successfully as individual venues and could be operated as independent enterprises, or integrated into existing health and fitness groups where geographical opportunities allow, or where operating synergies arise. Alternatively, the four sites could be purchased as a group to form the basis of a new independent group operation.
Each club comprises a fully equipped operational entity but also offers significant potential for enhancement with strategic capital investment, which would unlock substantial income and capital value.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Health Club
Building Size
31,889 SF
Building Class
B
Year Built
2000
Price
$3,802,281
Price Per SF
$119
Tenancy
Single
Building Height
2 Stories
Parking
135 Spaces (4.23 Spaces per 1,000 SF Leased)
Frontage
171 FT on Will Adams Way
Amenities
- Bus Line
- Signage
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