Urban Fitness, Sugar House, London

Fixed Uplift and RPI Linked Leisure Investment

Disposal of a secure leisure investment at the entrance to the Goodman’s Fields development in Aldgate. The property is fully let to Urban Fitness Limited for a term of 15 years with a fixed uplift in year 5 and 5 yearly RPI linked rent reviews thereafter.
Goodman’s Fields is a highly prestigious development by Berkeley, comprising over 1,000,000 sq ft (92,900 sq m) of mixed use accommodation and 2.3 acres of public realm. The scheme will provide over 112,000 sq ft (10,400 sq m) of retail and leisure accommodation with current tenants including; Curzon, Geronimo Inns, Pizza Union and Pilpel.
Bruce Gillingham Pollard and CBRE advised on the sale of this asset and achieved a sale price of £1,650,000 reflecting a net initial yield of 6.85%.

Project Detail

The property comprises 7,927 sq. ft (736.5 sq m) GIA over part ground and lower ground floor.

The accommodation benefits from a floor to ceiling height of 3.3m in the main space (although this varies across the demise) and natural light from the windows at pavement level.

The property benefits from A1 / A2 / A3 / A4 / B1 and D2 use classes.

Berkeley Homes is part of The Berkeley Group Holdings plc, a FTSE 100 British property developer. They create vibrant new residential and mixed-use developments across the capital.
Please contact Harry Wills or Jack Barratt.