Sold
Mecca Bingo, Newcastle Road, Sunderland, Tyne & Wear
North East
dba054
Leisure£6,550,000
Tenure: Freehold
Tenancy: Single Let
Investment summary
•Purpose built 'stilted' leisure centre on first and second floors with clear car parking at ground floor, totalling 7,011.5 sq m (75,475 sq ft).
•Entirely let to Rank Leisure Division Limited for a term of 99 years from July 1964 (approximately 63 years unexpired) on a full repairing and insuring lease.
•Net initial yield of 3.50%.