CBRE appointed to sell U.K. cinema portfolio
CBRE has been appointed to sell a portfolio of eight cinemas comprising two luxury boutique Tivoli cinemas, five multiplex cinemas and one classic stand-alone cinema.
The assets are strategically located across the United Kingdom in Bath, Cheltenham, Birmingham, Clydebank, High Wycombe, Ipswich, Sutton and Sutton Coldfield and are available to purchase as a single portfolio, individual sites, or a combination thereof.
The assets are available on a variety of tenures with freeholds, long leaseholds and occupational leaseholds, providing buyers a fantastic opportunity to leverage some of the real estate post-acquisition.
In addition to the cinemas, the fully operational head office in Leicester Square will be offered as part of the sale, which is on a peppercorn rent for the next three years.
“This is a rare opportunity to acquire profitable, operating cinemas in a market with renowned high barriers to entry,” said Toby Hall, senior director, operatio