Tenancy & Accommodation
| Unit |
Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Reversions |
| 65-67 |
Ground
First
Second |
Retail
Retail
Ancillary |
201.41 sq m
218.79 sq m
253.25 sq m |
(2,168 sq ft)
(2,355 sq ft)
(2,726 sq ft) |
McDONALD’S REAL ESTATE LLP (1) guaranteed by McDonald’s Restaurants Ltd (2) |
10 years from 31/07/2011 (3) |
£109,000 |
30/07/2021 |
| 59-63 |
Ground
First
Second |
Retail
Ancillary
Ancillary |
155.15 sq m
176.05 sq m
89.00 sq m |
(1,670 sq ft)
(1,895 sq ft)
(958 sq ft) |
YMCA (4) |
Temporary letting until 16/11/2013 (and thereafter on 1 months notice) |
Nil |
16/11/2013 |
| 57 |
Ground
First
Second |
Retail
Ancillary
Ancillary |
50.17 sq m
59.55 sq m
65.59 sq m |
(540 sq ft)
(641 sq ft)
(706 sq ft) |
BRITISH HEART FOUNDATION (5) (6) |
25 years from 19/03/1993 |
£33,000 |
19/03/2018 |
| Totals |
|
|
1,268.96 sq m |
(13,659 sq ft) |
|
|
£142,000 |
|
(1) For the year ending 31st December 2011, McDonald’s Real Estate LLP reported a turnover of £81,772,000, pre-tax profits of £49,838,000 and a total net worth of £177,881,000. (Source: www.riskdisk.com 10/09/2013)
(2) For the year ending 31st December 2011, McDonald’s Restaurant Limited reported a turnover of £1,248,549,000, pre-tax profits of £176,563,000 and a total net worth of £461,298,000. (Source: www.riskdisk.com 10/09/2013)
(3) The lease provides an option to determine on the 5th anniversary of the term, subject to six months’ prior written notice.
(4) The YMCA is the largest and oldest youth charity in the world and currently trades from over 150 retail stores in the UK. (Source: www.ymca.org.uk 10/09/2013)
(5) British Heart Foundation is a leading UK Charity established in 1961 and currently trades from approximately 700 outlets in the UK including 150 furniture and electrical stores. In addition, British Heart Foundation operates an online store. (Source: www.bhf.org.uk)
(6) British Heart Foundation has recently expressed interest in taking a lease on unit 59-63.
