Property on Derby retail park goes on the market for £1.35m

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A property, currently rented out by a gym, has been put up for sale with commercial property agency Bond Wolfe for £1.35m.

The retail space available for purchase is leased to The Gym Group at Unit 5, situated in Southgate Retail Park and positioned just south of Derby’s city centre.

Unit 5 currently features a free weights area, functional training zones, and open-plan sections for cardio and strength training.

James Mattin, managing director of Bond Wolfe, said: “We are marketing this property for offers based on £1.35m, which would equate to a net initial yield of 6.8%, after usual purchaser’s costs. Founded in 2008, The Gym Group is a great tenant that currently trades from 233 properties situated throughout the UK, with more than 600,000 members and each

 link source - The Business Desk

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