Property overview

Acting on behalf of a pension fund client, AP Investment has recently sold a David Lloyd Health Club investment on the edge of Swansea

The purpose built 83,644 sq ft leisure and health club facility is located at Junction 43 of M4 between Swansea and Neath.

The club comprises a full range of facilities including indoor and outdoor pools, six indoor tennis courts and three outdoor ones, squash courts, football astroturf pitch, gym and exercise studios. Overall the site extends to 6.62 acres.

The property is let to David Lloyd Clubs Ltd on an FRI lease expiring 13 July 2046. David Lloyd Leisure Ltd are a guarantor. The passing rent is £335,922 per annum, the lease has annual RPI increases with 1% & 4% collar ad cap.

The property was sold for in excess of the asking price.

Coffer Corporate Leisure acted for a private property company client on the acquisition.

View other recent transactions.