Tenancy & Accommodation
Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Review |
Ground Basement |
Retail Ancillary |
94.90 sq m 80.40 sq m |
(1,022 sq ft) (865 sq ft) |
LADBROKES BETTING AND GAMING LIMITED until 2022 (1) |
10 years from 25th December 2012 until 2022 on a full repairing and insuring lease |
£60,000 (2) |
2017 |
Totals |
|
175.30 sq m |
(1,887 sq ft) |
|
|
£60,000 |
(1) For the year ending 31st December 2012, Ladbrokes Betting & Gaming reported a turnover of £770,850,000, pre-tax profits of £172,106,000 and a total net worth of £983,843,000. (Source: www.riskdisk.com 8/11/2013)
(2) The lease provides for the tenant to pay a reduced rent of £58,000 per annum exclusive until 25th December 2015. The seller will pay the buyer the difference between £58,000 per annum exclusive and £60,000 per annum exclusive from completion of the sale until 25th November 2015. Therefore the property will produce £60,000 per annum exclusive from completion of the sale.