Investor Bounce Anticipated with Sale of Action Sports Centre
*This story appeared in The Scotsman and Edinburgh Evening News on the 24th January*
A prime leisure investment, which is 73% let to the trampoline park operator Ryze Adventure Parks, is being put on the market for sale by Allied Surveyors Scotland.
A price in excess of £2.75m is being sought for the 54,000 sq ft property which currently generates an annual income of £284,000.
The building is located on a 3.75-acre site in Mayfield Industrial Estate, 9 miles south-east of Edinburgh.
Other tenants within the property, which is currently fully occupied, include Leisure Ten Fitness and Ryze & Roll.
“This is a very attractive proposition for an experienced property investor due to the popularity of Ryze and the income currently being generated,” commented director of commercial agency (east), Iain Mercer.
Ryze was the first trampoline park operator on Scotland’s east coast when it opened in May 2014 with a 19,000 sq ft facility opening in Glasgow in 2015.
The latest Ryze venue launch in Dundee in September 2018 following a £1.5 million investment.
“Scotland’s investment market performed well during 2018 so we anticipate this opportunity will put a spring in the step of many prospective buyers.”