Hampstead, London
Cannons Health Club
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.
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