Property overview

Nuffield Health & Fitness Club, Gosforth Business Park, Newcastle Upon Tyne NE12 8ET

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Sep 2022

AP Investment has sold a Nuffield Health & Fitness investment at Gosforth Business Park, Newcastle upon Tyne.


The 2002 purpose built health & fitness club has a 25m indoor pool and extends to 37,652 sq ft over a 4.25 acre site.


The property is let to Nuffield Health until March 2040, the lease has annual CPI rent reviews with a collar & cap of 2% & 4% per annum. The passing rent is £270,400 per annum.


The property was sold for £4,280,000 which reflected an initial yield of 5.93%.


Both the vendor and purchaser were institutions. Nightingale Partners & Peasgood Associates acted for the purchaser.


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