Tenancy & Accommodation
| Site |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Reviews |
| A |
Trade
Counter |
743.20 sq m |
(8,000 sq ft) |
HOWDENS JOINERY PROPERTIES LTD (1) Guaranteed by Howdens Joinery Ltd |
10 years from 30/03/2013 until 29/03/2023 |
£44,275 |
30/03/2018 |
| B |
Car
Dealership |
155.60 sq m |
(1,675 sq ft) |
MIDLANDS CO-OPERATIVE SOCIETY LTD (2) |
24 years from 01/09/2001 until 31/08/2025 |
£15,000 |
11/08/2018, 11/08/2023 and penultimate day of term |
| Totals |
|
898.80 sq m |
(9,675 sq ft) |
|
|
£59,275 |
|
For the year ending 29/12/12, Howdens Joinery Properties Ltd reported a turnover of £35,728,000, pre-tax profits of £858,000 and a total net worth of £2,917,000. (Source: www.riskdisk.com 24/04/2014) The lease is guaranteed by Howdens Joinery Limited, which for the year ending 29/12/12, reported a turnover of £876,140,000, pre-tax profits of £109,939,000 and a total net worth of £383,568,000. The lease is subject to a schedule of condition – further details are available in the legal pack.
(2)Midlands Co-operative Society is the second largest co-operative society in the United Kingdom. They form part of the Co-operative
Group, the UK’s largest mutual business owned by nearly eight million members. The Co-op operates 4,500 retail outlets and employs
nearly 90,000 people in the UK with businesses including retail, funeral care, banking and motor trade. (Source: www.co-operative.coop
24/04/2014). Midlands Co-operative Society has sublet their site to Advantage Motor Group Ltd for a 17 year term from 25/05/2007 until
31/07/2025.
