Roko puts four fitness clubs on the market

1st July 2024 | Jack Oliver

Roko Health Clubs has appointed Savills to market four health and fitness clubs, to be sold either individually or all together.

The sites have been placed on the market with the following guide prices: Chiswick, £1.25m; Gillingham, £3m; Nottingham, £2.85m; and York, £1.1m.

Each of the clubs has an approximate built footprint of between 26,000 sq ft and 43,000 sq ft. The facilities at the clubs include 20m swimming pools, spa areas, jacuzzi pools, learner pools, open plan gym floors, studio rooms, cafés, and ancillary spaces.

Three of the assets are held on long leaseholds with between 104 and 108 years remaining, with Chiswick being offered on a short leasehold basis with 18 years unexpired.

All four of the clubs 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, however Savills said they could be integrated into existing health and fitness portfolios. Alternatively, the sites could be purchased together to form the basis of a new independent group operation.

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, added: “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.”


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