CBRE has announced on LinkedIn the sale of a best in class freehold London leisure scheme, The Rotunda in Kingston town centre.
The key features of the sale are as follows:
- Established leisure scheme 100 per cent let with no voids.
- Best in class leisure operators: Odeon, Tenpin & David Lloyd accounting for 78 per cent of total income.
- Dominant 15-screen cinema with limited competition.
- Odeon Cinemas Ltd with strong cinema covenant status.
- All key tenants have invested capex with further works proposed.
- Strong mix of F&B and experiential leisure operators.
- Strong Real Estate underwrite.
- Opportunity to restructure and extend some of the existing F&B leases in 2027 and incorporate potential new space at roof-top level.
Toby Hall and Alic Lang are handling the sale.
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