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Secure Freehold High Yielding Investment Property Fully Let On 15 Yr Fri Lease for Sale

Hockley, Essex

Freehold : 435,000

Commercial Park

An opportunity to acquire a secure, appreciating freehold investment. The property is situated on a popular trading estate in Essex within 2 minutes walk to London mainline railway station. Let to successful tenant operating as unique specialist gymnasium on 15 year FRI lease from 08. 10.10 at 32,900 pa (YIELD 7.5%) exclusive of rates with upward rent reviews due 2014 and every 4 years thereafter. The business has been established for over 7 years and the tenant has completely refurbished the property and comprises a state-of-the-art 6,000 sq ft ground floor gym, with a further 1,200 sq ft of luxury self contained offices on additional 2 floors, all with complete security, smoke and fire alarm systems and ample forecourt parking. All enquiries from principals only please direct to owner.

Trading Hours: 7 days/week
Staffing: Established tenant
Tenure: Let to successful tenant on 15 year FRI Lease
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