Meteor Centre, Mansfield Road, Derby, Derbyshire, DE21
£241.10 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
42,140 sq ft
3,915 sq m
- SECTOR
Leisure facility for sale
Key features
- Situated immediately adjacent to Derby's leading out of town retail park.
- Freehold (DY118505) Interest.
- The property is let to United Cinemas International (UK) Limited with a guarantee from Odeon Cinemas Limited, expiring 30/06/2038.
- 13 years unexpired.
- Total passing rent of £1,017,519 p.a (£24.14 psf), which is estimated to increase by 3.75% at the next RR in July 2025 to £1,055,736 (£25.05 psf).
- The rent is reviewed annually to RPI Indexation with a collar and cap of 1% and 5%.
- A top performer in the Derby cinema market in terms of GBOR, in addition to sitting in the top quartile of the UK&I cinema market.
- Subject to substantial investment achieving a full recline and modernisation of the cinema.
- Positioned on a 4.62 acre (1.87 ha) site, providing 24% site coverage.
- EPC Rating C-66.
Description
The building was originally constructed in the 1990s and was operated under the UCI brand. Following the merger of UCI and Odeon in 2004, the cinema was rebranded to Odeon. In 2017, the decision was made to significantly modernise the building. After the commencement of renovations, which included the full reclining of seats, in addition to the upgrading of technology and ancillary areas, the cinema re-opened in 2018, under the 'Odeon Luxe' brand.
The property comprises ten fully reclining cinema screens with 683 seats and one giant 'iSense' screen, which features 4k projectors with 4x resolution, and a substantially upgraded speaker system. There is an interlinking Costa Coffee franchise located at the site, which can be accessed via the main foyer of the cinema, in addition to having its own access to the front of the building. The site includes car parking for approximately 250 cars. There is abundant additional parking located immediately adjacent to the site, within the Derby Meteor Centre that offers c.850 parking spaces.
The property comprises a total GIA of 42,140 sqft (3,915 sq m).
The building is a purpose-built modern multiplex, and is constructed of a steel frame, with brick and block elevations, under multi-level flat roofs.
Brochures
Meteor Centre, Mansfield Road, Derby, Derbyshire, DE21
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Derby Station1.7 miles
- Peartree Station3.0 miles
- Spondon Station3.0 miles
About CBRE Ltd, London (Licensed, Leisure & Hotel Property)
Henrietta House Henrietta Place, London, W1G 0NBNotes
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