Gallagher Leisure Park, Leeds-Bradford
Price
£18,530,000
Description
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Dominant leisure park anchored by a recently refurbished Odeon Luxe.
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Situated between the 3rd and 6th largest cities in the UK.
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Strong trading modern leisure scheme with generous customer car parking.
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Large site with 12.75 acres of freehold ownership.
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The total passing rent is £1,236,240 pa and this represents an affordable
current average rent on the built space of £14.80 per sqft.
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WAULT of 12.84 years and WAULT to tenants’ breaks of 12.22 years.
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A well let scheme with 100% of the income let to tenants with a Very Low Risk
Experian score.
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64% of the income is linked to RPI, capped and collared at 3% & 1%.
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Asset management opportunities to optimise and improve the current lease terms
and tenant line up, through regears and further development.
Net Initial Yield
6.25% NIY