Nuffield Hemel Hempstead

- Purpose built 37,908 sq. ft health club, with no premium fitness club competition in the immediate area

- Situated in a prominent trading position on Maylands Avenue within Hemel Hempstead Industrial Estate, approximately 2 miles east of Hemel Hempstead town centre

- Large catchment of 250,378 people within a 15-minute drive time

- Leisure offering includes: large gym, swimming pool, crèche and member’s café with 285 dedicated car parking spaces

- Let to Nuffield Health, the UK’s largest healthcare charity, with an unexpired term of 11 years

- Passing rent of £618,202 per annum, equating to £16.31 per sq. ft

- Lease benefits from fixed rental uplifts, rising to £716,665 in August 2026 and £830,811 in August 2031

- The site also includes a multi-storey car park arranged across 3 floors, with a total of 442 spaces

- The property has a current Net Operating Income of £587,172 per annum

- Ongoing asset management opportunity regarding the multi-storey car park that can be delivered immediately

- Freehold site of 2.3 acres, with strong underlying alternative use value

We have been instructed to seek offers in excess of £7,330,000 (Seven Million, Three Hundred and Thirty Thousand Pounds), exclusive of VAT. This reflects a Net Initial Yield of 7.50%, assuming purchaser’s costs of 6.80%.