£15m North London leisure investment sale

November 12, 2010

A private Danish syndicate, represented by Edgerley Simpson Howe and Hunter Property Investment, has sold a freehold leisure investment in Mill Hill, North London to ING for £15.16 million, representing a net initial yield of 6.37%.

The 46,331 sq ft, three-floor building, is let to Virgin Active at a passing rent of £1,024,420 and with 27.5 years remaining on the lease.

Jamie Naughton of Edgerley Simpson Howe comments: “This is one of very few Health and Fitness transactions completed this year. The location and lease length helped to generate significant interest in a market few investors have considered since the downturn.”

Saskia Hunter of Hunters comments: “The number of offers generated shows us that yield and income deals are popular with a wide spectrum of the market.”

Edgerley Simpson Howe and Hunter Property Investment Limited advised the vendor; ING was self represented.

Latest News


July 2, 2024 - 08:51

Hanover Green has appointed Stuart Barron as a Partner in its Lease Advisory team. Barron joins the firm after spending 10 years at JLL and 7 years at CBRE prior to that, and specialises in providing [...]

+ Read More

Redevco strengthens leadership team with the appointment of Veronica Gallo-Alvarez as Head of Investment Management

June 24, 2024 - 09:55

  New CEO Neil Slater further strengthens Redevco’s leadership team with the appointment of Veronica Gallo-Alvarez as Head of Investment Management. This is the fourth key hire for Redevco in 2[...]

+ Read More

Haslams Score a Touchdown with Newest Hire

June 24, 2024 - 09:49

The largest independent Thames Valley surveying and commercial property firm Haslams Surveyors LLP has announced the appointment Tom Holwell as their newest Commercial Agency Surveyor. “Tom will pla[...]

+ Read More



+44 (0)20 7647 4420


Wren House, Garden Close Lane, Newbury RG14 6PR