Gym Group to invest £ 1.4m and create new jobs in city opening
THE GYM Group, the nationwide operator of 183 low- cost, nocontract gyms, has signed a
15- year lease for a new gym in York which will open early next year.
The opening will create 12 jobs following a £ 1.4m investment and The Gym Group said it is a sign of increasing confidence.
Located on Foss Island Road and next to Halfords, the site was previously a retail warehouse and has been vacant since 2018. It has on- site car parking and the firm said the site fits its strict operational and financial criteria.
Once fitted out to The Gym Group’s specification with a 5,000 square foot mezzanine adding to the site’s 10,000 square feet, the gym will be a similar size to other sites in the group’s portfolio.
Contract free membership is expected to be in the range of £ 20 a month.
Oliver Tester, head of property acquisition, said: “York is a city where we have wanted to operate in for a long time, but until now we have not been able to find the right site in the right location with the appropriate deal.
“In agreeing this lease, we have benefited from the rapidly changing dynamics of the retail property market.”
He said there are many other key cities and towns similar to York where the firm can locate a Gym Group site, where landlords can benefit from its market leading position as the strongest capitalised company in the sector.
“As we continue to expand, we look forward to extending our high- quality, affordable experience to thousands of new members at a time when fitness has become ever more important in all our lives.”
The Gym Group said it offers members affordable, highspec nationwide gyms, that make absolutely everybody feel welcome.
“So we’re for everyone who’s had enough of the unbelievably expensive monthly contract gym, or the make- me- feel- judged- themomentI- walk- through- thedoor gym,” the firm said.
York is a city where we have wanted to operate in for a long time. Oliver Tester, head of property acquisition at The Gym Group