Cannons Health Club

Nottingham
Nottinghamshire

Citygrove purchased the long leasehold interest from Mapperley Plains Social Club in 1999 and constructed a health club. The development was pre-let to Cannons for a term of 30 years with five-yearly rent reviews at fixed uplifts of 3% per annum compounded.
The property was sold to a private investor for £3,329,000.


Details

Tenants
Cannons Health and Fitness Limited

Size
25,000 sq ft / 2,323 sq m

Completion
2000

Value on completion
£3,329,000

Annual rental income
£250,000

Ownership
Private Investors


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Location