Cannons Health Club

Hampstead
London

Citygrove acquired the long leasehold interest from West Hampstead Cricket Club in 1999 and constructed a health club, which was let to Cannons for a term of 55 years with five-yearly rent reviews. Citygrove sold the investment in August 2006 to private investors for £4,750,000.


Details

Tenants
Cannons Health Club

Size
27,500 sq ft / 2,555 sq m

Completion
2000

Value on completion
£3,485,000

Annual rental income
£258,000

Ownership
Private Investors


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Location