06/02/2025 13:15:00
The freehold investment interest of the Royal Arcade & O2 Academy in Boscombe, Bournemouth has been brought to market by leisure property specialist Fleurets.
The properties, located in Boscombe, approximately two miles east of Bournemouth town centre have been within the same ownership since the 1940s and comprise a Victorian Arcade and former theatre operating as an O2 Academy live music venue. The substantial 0.49-hectare (1.20 acre) town centre site is available as a single or two lots and is on the market for a guide price of £4,300,000 (8.67% NIY).
The Royal Arcade, a Grade II Listed Victorian building constructed in 1892, features approximately 27 individual retail and leisure units at ground floor, with further space at first and second floors. Recent planning approval has been granted for the Royal Arcade, permitting the change of use of the upper floors to provide a mix of office space and business start-up units, as well as ground floor retail including a new food hall featuring pop-up eateries.
Academy Music Group Limited, owned by Live Nation have traded from the O2 Academy since 2009. The building, originally built in 1895 as The Grand Pavilion Theatre, now comprises a vibrant 2,000 capacity live music and events venue that showcases both national and international talent.
Kevin Conibear, Fleurets Director, commented: "The Royal Arcade and O2 Academy are landmarks in Boscombe and this is a rare opportunity to acquire a strategically located site in the prime retail area of Christchurch Road. This offering represents a significant investment and redevelopment potential, featuring an unbroken high street parade on a 1.20-acre site with excellent prospects for development and asset management. With a current total rental income of £397,346 per annum, 47% of the income is secured against Academy Music Group Limited, the UK's leading venue operator."
For further information or to arrange a viewing contact Fleurets on 0117 923 8090 or email