3 mills studios future operator- sublease opportunity
Key facts
- Estimated value
- £16,000,000
- Closing date
- 14 Jul 2023
- Contract starts
- 14 Dec 2023
- Contract ends
- 14 Dec 2033
- Procedure
- Restricted procedure
- Buyer type
- Other public body
Description
The LLDC are seeking to dispose of their long leasehold interest in 3 Mills Studios by way of sublease agreement for a minimum of 10 years. LLDC have nurtured and supported the film and media sectors for many years and are now looking for a single business with significant experience of successfully operating a film studio to protect the film and studio use of the 3 Mills site, to take on the on- going asset management for the entire site and maintain rental income to LLDC at a rent in line with (or above) the current net operating position.
Categories (CPV)
- 92111310 Entertainment film production
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