LaSalle Investment Management has bought Cannons Health & Leisure Club in Crawley, Surrey for £7.24m from Cartwheel.
The price reflects a net initial yield of 5.5%.
The 45,311 sq ft Health & Leisure Club is let to Cannons Health & Fitness on a lease expiring in October 2035 and is subject to minimum fixed uplifts at each review throughout the lease term.
The passing rent of £421,200 pa reflects £9.29 per sq ft overall.
Jones Lang LaSalle acted for Cartwheel and Colliers CRE acted for the LaSalle Investment Management.
