Mayor Doug Eaton said the Wyong Shire Council-owned site is transforming into a great asset.

"The project has created jobs during the construction stage, and once finalised, it will provide another 25 jobs, enhance the local economy and provide an ongoing income stream in the form of the lease agreement with operator Metro Cinemas," Cr Eaton said.

Property development manager Steve Mann said it was encouraging to see the Lake Haven town centre master plan coming together.

"I can almost smell the popcorn. I invite the community to come down to Lake Haven and enjoy the new facilities there."