Prime leisure investment opportunity

Purpose-built cinema complex with four adjoining restaurant units totalling 57,065 sq ft forming part of the regionally dominant Shopping Park. Anchored by a nine screen Odeon cinema, including an IMAX screen. The overall scheme produces a topped up annual income of £1,241,104 pa, reflecting £21.75 psf. The weighted average unexpired income to break is 11.7 years. Freehold site extending to 6.44 acres, reflecting a very low site coverage of 20%. The subject property is situated approximately 5.5 miles north east of Newcastle city centre. Neighbouring occupiers include M&S, Currys, Next, JD and Sports Direct. Large catchment population of 430,267 within a 15 minute drive time, increasing to 853,483 within 20 minutes. Strong trading profile. Superb car parking ratio of 1:91 sq ft presents a number of potential asset management and development opportunities, subject to planning.