Fawcett Mead are delighted to have advised Kennedy Wilson on the disposal of their freehold interest in the Nuffield Health Fitness & Wellbeing Centre in Leicester.
The property is let to Nuffield Health on a new ‘post-COVID’ 20 year lease, subject to five-yearly rent reviews, linked to CPI. Passing rent of £365,000 per annum.
Joe Baio commented “We are delighted to have advised Kennedy Wilson on the disposal of their freehold interest in the Nuffield Health Fitness & Wellbeing Centre in Leicester, which is let to Nuffield Health on a new ‘post-COVID’ 20 year lease.
We undertook a targeted marketing campaign which yielded a very strong result of £6,100,000, reflecting 5.6% Net Initial Yield. The buyer completing in just 10 working days from agreed Heads of Terms.”
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