A £3m leisure acquisition in Mapperley Park, Nottingham has been acquired by York-based property firm The Helmsley Group.
The Nuffield Wellbeing Centre deal takes the firm’s portfolio to 58 properties, worth over £128m of investors’ funds with no borrowings.
This is the first time the York based property syndicate has bought in Nottingham.
The Nuffield Wellbeing Centre includes GP consultation and physiotherapy rooms, nutrition coaches, sauna and ice room as well as an indoor pool, café and gym facilities.
Edward Harrowsmith, Associate Director at The Helmsley Group, says: “We’re always looking to diversify our portfolio and this represents an excellent long income investment. The deal offers fixed rent review uplifts for our investors in the Nottingham region and is secured against a Nuffield Health covenant.”
He continued: “The leisure sector is an attractive investment at present due to longer income streams and the property offers a good spread of risk in an excellent location for our £128m strong portfolio.”