Cooper Rose Real Estate has exchanged and completed on the acquisition of a modern gym investment in Wolverhampton - Unit 2, Wolverhampton Business Park.
The freehold property is let to Virgin Active Limited, with surety from Virgin Active Holdings Limited, with around 21.5 years unexpired.
The property totals 32,675 sq ft and is situated on a mixed commercial park comprising 450,000 sq ft of business space.
The purchase price is confidential but the quoting price was £4,167,000, reflecting a net initial yield of 7.75%. Cooper Rose Real Estate acted for a private investor.
Contact Ben Rose or Giles Cooper.