DW Sports, Nottingham
The property is located in Victoria Park Way, Netherfield adjacent to Victoria Retail Park and a stand alone Morrison's food store.
Salmon Harvester Opportunity Fund acquired the freehold investment of a DW Sports Fitness centre in Nottingham.
The 45,732 sq ft building in Victoria Park Way, Netherfield comprises a ground floor sports and fitness centre with swimming pool and first floor associated retail space. It is let to DW Sports Limited with 20 years remaining on the lease at a rent of £560,000 pa subject to five yearly 2.5% compound rent increases.
This property is well located in an established retail location in Nottingham and provides the Fund with a high yielding long leased investments. The adjacent vacant site also provides an opportunity to increase returns to our investors.
The property was successfully sold in December 2016 to Nottingham City Council