MOSCOW (Sputnik) – The London site of Madame Tussauds has been offered for sale individually in the open market for the first time ever, Secure Income REIT investment company confirmed Wednesday.
On Tuesday, several media outlets reported that the property’s landlord and Non-executive Director of Secure Income REIT Nick Leslau put a price of over 320 million pounds (over $480 million) on the building housing of the famous wax museum since 1884.
“The Board of Secure Income REIT (AIM: SIR) has noted the media comment regarding the possible sale of the Madame Tussauds property investment and confirms that following unsolicited expressions of interest it has appointed CBRE to undertake a marketing campaign ahead of the potential sale of this iconic freehold property on Marylebone Road in Central London,” the statement read.
The property is let on lease to Merlin Attractions Operations Ltd and guaranteed by Merlin Entertainments PLC, a company that operates Tussauds attractions in Shanghai, Beijing and Singapore.
The lease runs for 27 years with an opportunity for the tenant to extend it by up to 70 years upon expiry, according to the statement.
Madam Tussauds is one of the top 10 tourist attractions in London, which displays waxworks of famous people, including historical figures, celebrities and sport stars.
