Fully let, VAT free Leisure Investment sold in Rowlands Gill

We are delighted to have sold this mixed use commercial property investment. The property comprised a fully occupied, VAT-free mixed-use investment situated in a prominent corner position within the commercial centre of Rowlands Gill, Gateshead, directly opposite a Tesco Local. The investment generated a total annual income of £38,000.

The property consisted of two ground-floor restaurants and a first-floor gym. Both restaurant leases had unexpired terms until 2031, offering approximately seven years of unbroken income. The first-floor gym's lease had recently been extended for an additional seven years, also expiring in 2031, with a tenant break option in 2029.