South Shields is a bustling coastal town which is home to many attractions including Arbeia Roman Fort, South Shields Museum, The Customs House, the North East's only seaside fair, Ocean Beach Pleasure Park and several beaches and coastal walks.

South Shields is located approximately 18 km (11 miles) east of Newcastle upon Tyne and 13 km (8 miles) north of Sunderland. The town benefits from good road communications being served by the A194 which in turn connects with the A194(M) and A1(M).

Newcastle International Airport is approximately 24 km (15 miles) to the north-west. The largest airport in the North East, it supports 3,400 jobs on site and provides 4.6 million passengers with direct flights to 80 destinations.

The Tyne and Wear Metro system serves South Tyneside, Gateshead, Newcastle, North Tyneside, Sunderland and Newcastle Airport. In addition, there is a frequent pedestrian ferry service to North Shields on the opposite bank of the Tyne.

The property has been measured by BKR Floor Plans and provides the following Net Internal Areas;

A set of floor plans is available to download and the measured survey report can be re-addressed to a purchaser.

Luxury Leisure (Co. No.02448035) has reported the following figures;

Luxury Leisure, formerly owned by the Noble Organisation, became part of the NOVOMATIC UK Group in 2014. It now serves as the Group’s high street Adult Gaming Centre (AGC) division, with 84 town centre and seaside adult gaming centres, 45 Kwik Tan venues and 10 Coffee Trader cafes. The estate extends as far north as Greenock in Scotland to Dawlish in Devon in the south of the UK and includes premium locations in the North East, North West and South East of the country.

Founded in the early 1970s, Luxury Leisure incorporates several high street arcade brands in one group with branches across the UK. These include the iconic Nobles Amusements in Scotland, Northern England and Sussex along with Sun Valley Amusements in the Midlands and Shoppers Amusements in the South East. It also operates the seaside arcades; Harrisons Amusements in Dawlish and Playland in Redcar. In the early 2000s Kwik Tan was established as an ancillary business and has fast become the market leader in UV tanning. It is located within or above the arcade premises in 45 locations.

The company is in the process of a rebranding project displaying Admiral signage throughout the UK, as this is the operating brand for Novomatic.

NOVOMATIC UK represents the UK’s largest gaming industry operation comprising manufacturing, operating and distribution of gaming and other amusement equipment. It is wholly owned by the NOVOMATIC Group of Companies, one of the largest gaming technology companies in the world with a turnover exceeding EUR 3.9 billion in 2015. Founded in 1980, the Group has locations in 50 countries with 28,000 employees worldwide.

The combined UK Group comprises manufacturing firms Astra Games, Empire Games and Bell-Fruit Games; the UK’s biggest national machine operator Gamestec; distributor RLMS Sales; national AGC operator Luxury Leisure; gaming content providers Mazooma Interactive Games and Greentube; and live dealer solutions specialist Extreme Live Gaming.

For further information, please visit www.novomaticuk.com.

1. An opportunity to acquire a freehold retail investment;

2. The investment provides secure income being let to Luxury Leisure – Pre-Tax Profits £6.7 million and Shareholders’ Funds of £13.65m;

3. The property occupies a prime retailing pitch in the town centre;

4. The immediate area is set to benefit from significant investment and development;

5. Attractive lot size to an investor;

6. A purchase at the asking price reflects an attractive net initial yield.