Tenancy & Accommodation
| Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Reviews |
| Ground |
Motor Trade |
323 sq m |
(3,477 sq ft) |
KWIK-FIT (GB) LIMITED (1) guaranteed by Kwik-Fit Holdings Limited (2) |
25 years from 20/03/2007
until 19/03/2032 |
£36,500 |
20/03/2017 and 20/03/2022 (3) |
| Totals |
|
323 sq m |
(3,477 sq ft) |
|
|
£36,500 rising to a minimum of £42,313.50 in 2017 |
(1) Kwik Fit are experts in automotive repair including tyres, MoT testing, car servicing, exhausts, brakes, and air-con. They are the leading fast-fit supplier of tyres in the country and carry stocks of over 600,000 products in over 600 Centres. (Source: www.kwik-fit.com 29/10/2013)
(2)For the year ending 31st March 2012, Kwik-Fit Holdings Limited reported pre-tax profits of £174,094,000 and a total net worth of £111,407,000. (Source: www.riskdisk.com 29/10/2013)
(3)The lease provides for the 2017 review to be calculated to the higher of the market rent or 115.9274% of the passing rent (which equates to £42,313.50 p.a.x.). The subsequent review in 2022 is to be calculated to the higher of the passing rent or the market rent.
