Luminar, Britain's biggest nightclub operator, has put a package of four nightclubs on the market with a £4m price tag, writes Ewan Turney.
The embattled club owner, which recently revealed a 20.2% drop in like-for-like sales for the first half of 2010, has appointed Gerald Eve to market the clubs, which are located in Birmingham, Kingston Upon Thames, Bolton and Romford.
Gerald Eve previously sold three clubs for the operator, in York, Harlow and Shrewsbury in August and September for an undisclosed sum.
The four clubs for sale this time are:
• Oceana in Birmingham — leasehold expiring in 2059 for £1m
• Ikon and Jaxx in Bolton — freehold for £1.5m
• Hippodrome in Kingston upon Thames — leasehold expiring in 2030 for £1.5m
• One Three One in Romford — leasehold available at nil premium
