The sites are presented to the market with the following guide prices: Chiswick £1.25 million, Gillingham (Kent) £3 million, Nottingham £2.85 million and York £1.1 million.

Each health club has an approximate built footprint of between 26,000 sq. ft. and 43,000 sq. ft. The facilities at each location include a 20m swimming pool, spa area with steam and sauna rooms, jacuzzi pool, learner pool, open plan gym floor, studio rooms, café with lounge area and a selection of ancillary spaces.

The portfolio comprises a collection of three long leasehold assets with between 104 and 108 years remaining on the lease, with Chiswick being offered on a short leasehold basis with 18 years unexpired.  All of the properties operate under the Roko brand, and have multiple revenue streams including memberships, concessions, day nurseries, beauty treatment rooms, swimming lessons, personal training and studio hire.

The health clubs have operated successfully as individual venues and could continue to be operated as independent enterprises, or they could be integrated into existing health and fitness portfolios where operating synergies allow. Alternatively, the four sites could be purchased together to form the basis of a new independent group operation.

Each club already includes quality equipment and facilities, but there is also the opportunity for significant enhancements to be made, which would unlock substantial income and increase the capital value.

Ian Simpson, head of leisure and trading at Savills, comments: “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 Limited, adds: “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.”