Odeon Luxe Cinema 96 Finchley Road, Swiss Cottage London NW3 5EL

Odeon Luxe Cinema
96 Finchley Road, Swiss Cottage
London
NW3 5EL

  • Odeon Luxe Cinema<br>96 Finchley Road, Swiss Cottage<br>London<br>NW3 5EL

Central London Leisure Investment

  • Well Known London Landmark Building
  • Prominent Location within 2 miles of London`s West End
  • Close to Swiss Cottage Underground Station (Jubilee Line)
  • Let to Odeon Cinemas Limited on a lease expiring 2032
  • Annual RPI Linked Rent Reviews
  • 5 Screen Cinema with 387 Seats
  • Lot
    14
  • Auction
    17/Feb/2022
  • Rent
    Gross: £553,834 per Annum
  • Status
    Sold
  • Price*
    £2,000,000
  • Sector
    Leisure
  • Auction Venue
    Live Streamed Auction
  • On Instructions of a Major Fund
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

Property Information

Location
Miles
2 miles north of London’s West End, 0.5 miles north west of Primrose Hill & 0.5 miles north of St John`s Wood
Roads
A41 Wellington Road/Finchley Road
Rail
Swiss Cottage Underground Station (Jubilee Line) (17 minutes to Bond Street Station)
Air
London Heathrow Airport, London Luton Airport and London City Airport
Situation

Swiss Cottage is a popular and affluent London residential suburb, 2 miles north of London`s West End. St John`s Wood, Primrose Hill, West Hampstead & Regents Park are all within 1 mile. The Cinema is situated in the heart of Swiss Cottage, on the A41 Finchley Road at its convergence with the Avenue Road & Fitzjohn`s Avenue. The Cinema is adjacent to the Swiss Cottage Public House with South Hampstead Overland Railway Station 400 metres to the west and Swiss Cottage Tube Station is diagonally opposite.

Tenure

Leasehold. Term of 99 years from 25th December 1933 at a fixed ground rent of £2,600 pa & Insurance. The occupational tenant (Odeon Cinemas Limited) is responsible for insuring the premises.

Location
Miles
2 miles north of London’s West End, 0.5 miles north west of Primrose Hill & 0.5 miles north of St John`s Wood
Roads
A41 Wellington Road/Finchley Road
Rail
Swiss Cottage Underground Station (Jubilee Line) (17 minutes to Bond Street Station)
Air
London Heathrow Airport, London Luton Airport and London City Airport
Situation

Swiss Cottage is a popular and affluent London residential suburb, 2 miles north of London`s West End. St John`s Wood, Primrose Hill, West Hampstead & Regents Park are all within 1 mile. The Cinema is situated in the heart of Swiss Cottage, on the A41 Finchley Road at its convergence with the Avenue Road & Fitzjohn`s Avenue. The Cinema is adjacent to the Swiss Cottage Public House with South Hampstead Overland Railway Station 400 metres to the west and Swiss Cottage Tube Station is diagonally opposite.

Tenure

Leasehold. Term of 99 years from 25th December 1933 at a fixed ground rent of £2,600 pa & Insurance. The occupational tenant (Odeon Cinemas Limited) is responsible for insuring the premises.

Description

The Cinema has 5 screens including a large IMAX screen and over 387 seats. All screens have wheelchair access.

VAT

VAT is applicable to this lot.

Completion Period

6 Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The Cinema has 5 screens including a large IMAX screen and over 387 seats. All screens have wheelchair access.

VAT

VAT is applicable to this lot.

Completion Period

6 Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Seats Tenant Term Rent p.a.x Rent Review
Various Cinema (5 Screens) 387 Seats ODEON CINEMAS LIMITED (1) 19 years from 30/08/2013 expiring 21/12/2032
£553,834
01/07/2022 and annually thereafter linked to RPI
Total        
£553,834
 

(1) Odeon Founded in 1930, ODEON is the largest and best-known cinema chain in the UK and Ireland. Owned by AMC Theatres, the largest movie exhibition company in the world.... Swiss Cottage Odeon has 5 luxury screens, including an immense IMAX screen with RealD 3D and have every seat on every row expertly designed to relax and recline during a film.
(Source : www.odeon.co.uk/about-us/)
For the year ending 31/01/2020 Odeon Cinemas Limited reported Turnover of £65,991,000, a Pre-Tax Profit of - £76,211,000 and Total Shareholders Equity of £163,933,000. (NorthRow 25/01/2022)

If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Brochure
    Updated Date
    28.01.22
    File Size
    4 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Charlie PowterCharlie Powter +44 (0)20 7034 4853 +44 (0)7768 120 904charlie.powter@acuitus.co.uk
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Seller's Solicitors
Penningtons Manches Cooper LLP 125 Wood Street, London , EC2V 7AW
Clare Spokes 020 7457 3000clare.spokes@penningtonslaw.com  Sarah Everington (+44)20 7753 7796Sarah.Everington@penningtonslaw.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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