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Kingsway East Leisure Park

Dundee, DD4 8JX

£12,500,000


• Dundee is Scotland’s fourth largest city, situated in a stunning geographical location on the north bank of the Firth of Tay on the east coast of the country.
• Dundee is one of the UK’s most progressive cities and …

• Dundee is Scotland’s fourth largest city, situated in a stunning geographical location on the north bank of the Firth of Tay on the east coast of the country.
• Dundee is one of the UK’s most progressive cities and has a rolling investment programme. The largest regeneration programme includes a £1 billion investment in Dundee’s Waterfront creating a mixed use, riverside urban quarter right in the heart of the city.
• Kingsway East Leisure Park is located on the North East side of the city.
• The Park is anchored by a 10-screen cinema as well as 4 additional units with nearby occupiers including Mecca Bingo, B&M, Wickes, Pets at Home, Archers Sleepcentre, McDonalds and Asda Superstore.
• The subjects extend to approximately 86,631 sq ft.
• The tenant line-up includes Odeon, Fit4Less by Energie and Domino’s Pizza – there are two units available to let.
• Odeon Cinemas Limited have recently committed to a 10 year extension to their existing lease and have embarked on a significant refurbishment programme at a cost of around £5 million to upgrade their cinema to the new format Luxe
concept.
• Total income of £948,458 per annum (including guarantees).
• Approximately 80% of the income is secured to Odeon Cinemas and benefits from RPI linked rent reviews.
• WAULT of 15.01 years to expiry & 14.80 years to breaks.
• Heritable Interest.
• Offers in excess of £12,500,000 exclusive, which reflects a net initial yield of 7.11%.