Everyman Cinema, 20 - 22 High Street, Esher, Surrey, KT10

* Opportunity to acquire the freehold (SY559535) interest of a 4-screen boutique cinema let to Everyman Media Group Plc. On 21/12/2020 Everyman Media Group Plc agreed a reversionary lease expiring on 30/06/2045, providing 20.8 years unexpired.

* Prominently located in a premier and affluent Surrey commuter town approximately 18 miles south-west of central London on a 0.4 acre (0.2 ha) site.

* A Grade II listed building originally constructed in the late 1930s, arranged over three floors and situated on Esher High Street, benefitting from an unrivalled position amongst local amenities including Sandown Park Racecourse, Esher Theatre, Elmbridge Museum and Esher Green
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* Limited direct competition in the area with a 2-screen Everyman in Walton-on-Thames (3 miles) and a 15-screen Odeon in Kingston (5 miles).

* The property extends to a GIA of 18,814 sq ft (1,747 sq m).

* The original lease was made between Odeon Esher Limited, ABC Cinemas Limited and Odeon Cinemas Limited on a 25 year term.

* In July 2015, the lease was assigned to Everyman Media Group Plc by ABC Cinemas Limited, with an authorised guarantee agreement, given by ABC Cinemas Limited as well as Odeon Cinemas Limited providing a guarantee of ABC Cinemas Limited's obligations under the authorised guarantee agreement.

* On 21/12/2020, Everyman Media Group Plc entered into a reversionary lease with a term from 01/07/2038 to 30/06/2045, providing 20.8 years unexpired.

* The current rent passing with effect from July 2024 is £421,256.92 pa reflecting a rate psf (GIA) of £22.39, the next review will fall due on 1st July 2025.

* The rent is reviewed annually to RPI with a collar and cap of 1% and 5%.