Trampoline operator signs at Sol Northampton
Palace Capital has let 23,500 sq ft of vacant space at its Sol Northampton leisure scheme to Gravity Fitness on a 15-year lease. This will be the 10th site for Castleford-based Gravity Fitness.
An initial rent of £141,000 pa has been agreed, with a minimum increase every five years based on the changes to RPI plus a percentage of turnover, once it reaches £1.0 million pa The deal includes a six-month rent free period and a contribution to fit-out costs.
This letting represents 53% of the total vacant space.