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David Lloyd Gloucester Delta Way 80,901 SF Retail Building Brockworth GL3 4BJ $11,766,011 CAD ($145.44 CAD/SF) 5.75% Cap Rate
Investment Highlights
- Over 300,000 people located within a 20-minutes’ drive
- Excellent trading club for David Lloyd with over 6,500 members
- Excellent access to the M5
Executive Summary
An 80,901 sq ft (GIA) state-of-the-art, luxury health club which recently underwent a £5m refurbishment.
Long-income, fully-let to David Lloyd Clubs Ltd for a further 19.8 years to lease expiry.
Total marketing rent of £384,637 per annum.
Well-secured income guaranteed by ‘5A 2’ D&B-rated parent Co. David Lloyd Leisure Ltd.
Excellent trading club for David Lloyd with over 6,500 members.
Long-income, fully-let to David Lloyd Clubs Ltd for a further 19.8 years to lease expiry.
Total marketing rent of £384,637 per annum.
Well-secured income guaranteed by ‘5A 2’ D&B-rated parent Co. David Lloyd Leisure Ltd.
Excellent trading club for David Lloyd with over 6,500 members.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Health Club
Building Size
80,901 SF
Building Class
B
Year Built
1990
Price
$11,766,011 CAD
Price Per SF
$145.44 CAD
Cap Rate
5.75%
NOI
$676,546 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.37
Lot Size
5.00 AC
Parking
300 Spaces (3.69 Spaces per 1,000 SF Leased)
Frontage
311’ on Delta Way
Amenities
- Pool
Nearby Major Retailers
1 of 6
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David Lloyd Gloucester | Delta Way
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