Back
News

£1.4m screen star leads Acuitus’s cast

Cinema-generic-THUMB.jpegThe opportunity to own your own cinema will be the star lot at the next Acuitus sale.

A seven-screen Odeon in Worcester, Worcestershire, will be one of 69 lots offered at the upcoming auction on 21 May.

The city centre cinema comes with two ground-floor shops and is let to Odeon Cinemas until 2038 with no lease breaks.

It has a current annual rent roll of £102,643 and will be offered on behalf of trustees of a private property company with a guide price of £1.4m.

A Superdrug in Harrow, north-west London, will also be up for grabs. The freehold 10,980 sq ft investment opportunity at 297-301 Station Road is let to the retailer until 2095 on a full repairing and insuring lease.

The shop currently generates £110,000 per annum and will be guided at £1.9m.

The May sale will include commercial assets producing a total rental income in excess of £5.5m.

Guide prices for the investment opportunities range from £50,000 to £3m. The auction will take place at the Radisson Blu Portman Hotel, W1.

Acuitus’s last auction, in March, raised £40m, selling 98% of its catalogue.

amber.rolt@estatesgazette.com

Up next…