Roko Health Clubs is selling a portfolio of four leasehold health and fitness clubs, either individually or together.
The clubs are in Chiswick (guide price £1.25m), Gillingham (£3m), Nottingham (£2.85m) and York (£1.1m).
Each club has a footprint of between 26,000 sq ft and 43,000 sq ft and the facilities at each location include a 20m swimming pool, spa area with steam and sauna rooms, jacuzzi pool, learner pool, open plan gym floor, studio rooms, café with lounge area and a selection of ancillary spaces.
Three of the clubs are held on long leaseholds of between 104 and 108 years and the Chiswick health club is being offered on a short leasehold basis with 18 years unexpired.
The health clubs have operated successfully as individual venues and could continue to be operated as independent enterprises, or they could be integrated into existing health and fitness portfolios. Alternatively, the four sites could be purchased together to form the basis of a new independent group.
Simon Lee, director at Roko Health Clubs, said: “The team at Roko are excited at the prospect of working with new owners to take the clubs to the next level, whether as a group or individually. The strong and consistent performance of the business over many years serves as an excellent platform for future growth.”
Ian Simpson, head of leisure and trading at Savills, which has been appointed to market the clubs, added: “The health and fitness sector continues to grow at a phenomenal rate. This portfolio of high-quality purpose-built assets presents a rare opportunity for either a new brand to enter the market, or an existing one to grow their presence in a promising market. We expect high levels of demand, with the group’s membership numbers and revenue increasing steadily towards pre-pandemic levels, so it is well-positioned to bring in lots of interest.”
