Wester Hailes Road, Edinburgh, EH14
Offers Over
£1,750,000
£48.61 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
36,000 sq ft
3,345 sq m
- SECTOR
Commercial property for sale
- USE CLASSUse class orders: Class E
E
Key features
- Prime leisure investment with high yield of above 16%
- Let to Odeon Cinemas Ltd until June 2032, 7 years unexpired lease without break
- Passing annual rent £282,000
- Modern, purpose-built luxury class cinema extending to above 36,000 sq ft
- High-quality specification with multiple auditoriums and amenities
- Located in the heart of Wester Hailes, southwest Edinburgh
- Surrounded by strong national occupiers including Lidl, JD Gym and AirThrill
- Ample on-site customer parking
- Excellent transport links via A71, A720 and Wester Hailes train station
- the venue features 8 state-of-the-art screens with around 800 luxury recliner seats, a Costa Coffee café, stylish concession areas, modern restrooms
Description
An outstanding opportunity to acquire a high-quality leisure investment within the established Westside Shopping Centre, the principal retail and community hub serving Wester Hailes Community in Edinburgh.
Investment Highlights
- Tenant: ODEON Cinemas (Luxe format)
- Passing rent: £282,000 per annum
- Lease expiry: June 2032 - approximately 7 years unexpired with no breaks, providing secure medium-term income
- Rent reviews: Every 5 years, RPI-linked with a 1% collar and 3% cap; next review 2027
- Estimated gross yield of over 16%
- Substantial 36,000 sq ft purpose-built cinema
- Ample on-site parking and strong surrounding occupiers
- Excellent transport links including Wester Hailes railway station and bus routes
- Situated approx. 6 miles southwest of Edinburgh city centre
- Long 120 years leasehold
The property comprises a modern, purpose-built single-storey ODEON Luxe cinema extending to over 36,000 sq ft (internal area), set within a site of approximately 1 acre. Following a multi-million-pound Luxe refurbishment, the venue now features 8 state-of-the-art screens with around 800 luxury recliner seats, a Costa Coffee café, stylish concession areas, modern restrooms and comprehensive back-of-house facilities.
This is the only ODEON Luxe in Edinburgh, making it a highly distinctive and sought-after entertainment destination. The property is well maintained and benefits from strong ODEON branding and ongoing corporate investment. It represents a rare high-yield investment, offering an estimated gross yield in excess of 16% (subject to purchaser verification).
The wider Westside Centre features a complementary mix of national occupiers including Lidl, JD Gym, AirThrill, ensuring consistently high visitor footfall. The property enjoys ample customer parking and direct access from the main retail mall.
Location
Westside Shopping Centre is strategically positioned in Wester Hailes, a busy residential suburb of Edinburgh. The site benefits from strong public transport connections and easy access to the A71 and A720 Edinburgh City Bypass, providing quick links to the wider city and motorway network.
The immediate area has seen ongoing regeneration, with modern retail, leisure, and residential developments contributing to a thriving community environment.
Tenure
Long leasehold interest (circa 120 years).
Price
Offers in excess of £1,750,000 (One Million Seven Hundred Fifty Thousand Pounds)
Subject to contract and exclusive of VAT.
Viewing
For further information or to arrange a viewing, please contact the Landlord's Agent.
Investment Highlights
- Tenant: ODEON Cinemas (Luxe format)
- Passing rent: £282,000 per annum
- Lease expiry: June 2032 - approximately 7 years unexpired with no breaks, providing secure medium-term income
- Rent reviews: Every 5 years, RPI-linked with a 1% collar and 3% cap; next review 2027
- Estimated gross yield of over 16%
- Substantial 36,000 sq ft purpose-built cinema
- Ample on-site parking and strong surrounding occupiers
- Excellent transport links including Wester Hailes railway station and bus routes
- Situated approx. 6 miles southwest of Edinburgh city centre
- Long 120 years leasehold
The property comprises a modern, purpose-built single-storey ODEON Luxe cinema extending to over 36,000 sq ft (internal area), set within a site of approximately 1 acre. Following a multi-million-pound Luxe refurbishment, the venue now features 8 state-of-the-art screens with around 800 luxury recliner seats, a Costa Coffee café, stylish concession areas, modern restrooms and comprehensive back-of-house facilities.
This is the only ODEON Luxe in Edinburgh, making it a highly distinctive and sought-after entertainment destination. The property is well maintained and benefits from strong ODEON branding and ongoing corporate investment. It represents a rare high-yield investment, offering an estimated gross yield in excess of 16% (subject to purchaser verification).
The wider Westside Centre features a complementary mix of national occupiers including Lidl, JD Gym, AirThrill, ensuring consistently high visitor footfall. The property enjoys ample customer parking and direct access from the main retail mall.
Location
Westside Shopping Centre is strategically positioned in Wester Hailes, a busy residential suburb of Edinburgh. The site benefits from strong public transport connections and easy access to the A71 and A720 Edinburgh City Bypass, providing quick links to the wider city and motorway network.
The immediate area has seen ongoing regeneration, with modern retail, leisure, and residential developments contributing to a thriving community environment.
Tenure
Long leasehold interest (circa 120 years).
Price
Offers in excess of £1,750,000 (One Million Seven Hundred Fifty Thousand Pounds)
Subject to contract and exclusive of VAT.
Viewing
For further information or to arrange a viewing, please contact the Landlord's Agent.
Brochures
Wester Hailes Road, Edinburgh, EH14
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Wester Hailes Station0.1 miles
- Kingsknowe Station0.9 miles
- Edinburgh Park Station1.3 miles
Notes
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