Iโve spent an increasing amount of my time over the last few years looking at basketball facility options.
Gone past this empty warehouse a few times and decided to give them a call to find out the cost. ยฃ800k rent per year plus ยฃ300k business rates (with rates relief for leisure spaces I think this would go down to ยฃ190k). lol.
I ended up having a good chat with the lettings manager, who has been doing his job 20 years. He said heโs had an increasing number of calls about industrial spaces for sport, particularly padel, but itโs near impossible to make these spaces work for leisure in London.
Aside from planning issues around switching industrial space to leisure, he said the costs are completely prohibitive. Might have a better chance outside of London.
He said the only real chance in the capital is to find a council who owns property/land to support/subsidise.
Not sure why Iโm sharing other than to spotlight just how difficult it is to overcome the facilities problem that basketball faces, and the only way in the long term weโre gonna get close is with governmental support or very deep pocketed investors who donโt need a return any time soon. ๐ญ๐ฌ๐ง๐