Roko brings four health clubs to market

Roko Health Clubs is looking to sell four of its leasehold fitness clubs. Savills is marketing a site in Gillingham for £3m, one in Nottingham for £2.85m, one in Chiswick for £1.25m, and a fourth in York for £1.1m. The agency is taking offers for all four as a portfolio or individually. The sites range in size from 26,000 sq ft to 43,000 sq ft and have between 104 and 108 years left on the leases, with the exception of Chiswick, which has 18 years unexpired. Savills said the clubs continue to be operated as independent enterprises, integrated into existing health and fitness portfolios, or form the basis of a new independent group. Ian Simpson, head of leisure and trading at Savills, said: “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.” 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.”