Victory Portfolio Brochure
- Three amusement arcades located in North of England.
- Prominent high street positions in Carlisle, Blyth and Middlesbrough.
- All three properties let to Copenhagen 1801 Limited with a guarantee from Trafalgar Leisure Ltd.
- All on 15 year leases from 10th November 2013 (14 year unbroken term).
- Fixed rental increases of 2% pa compounded and reviewed five yearly.
- Opportunity to add additional income through letting the upper floor of Carlisle, which would make a great restaurant, given its location in the heart of the leisure circuit.
- We are seeking offers of £1.37m, which is an initial yield of 10% after standard purchase costs of 5.8%. If you let the upper floor of Carlisle it would take you to 11% and then you have the fixed uplifts thereafter which would take you to 12% in 2018.