Tenancy & Accommodation
Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Reviews/(Reversion) |
Ground (Unit 1) |
Retail |
47.38 sq m |
(510 sq ft) |
B J PATEL & K J PATEL (t/a Terry’s Newsagent) |
Approx. 6 years & 3 months from 24/06/2014 |
£16,000 (1) |
(28/09/2020) |
Ground (Unit 2) |
Retail |
53.98 sq m |
(581 sq ft) |
P GADIM |
5 years from completion of the lease (2) (3) |
£12,000 (4) |
2017 (2019) |
Ground (Unit 3) |
Retail |
53.70 sq m |
(578 sq ft) |
GAMES WORKSHOP LIMITED (5) |
10 years from 29/04/2009 |
£15,000 |
(28/04/2019) |
Ground (Unit 4) |
Retail |
75.53 sq m |
(813 sq ft) |
A & H IMAGES LTD (t/a Images Hair) |
10 years from 24/06/2009 |
£22,250 |
24/06/2014 (23/06/2019) |
Ground (Unit 4A) |
Retail |
40.69 sq m |
(438 sq ft) |
L A ALIGHIERI & G VALENTINO (t/a Rino’s Hair) |
10 years from 24/06/2010 (6) |
£12,000 |
24/06/2015 (24/06/2020) |
First (Suites 1 & 2) |
Office |
202.99 sq m |
(2,185 sq ft) |
BLACKFORDS LLP |
10 years from 16/05/2012 (7) |
£32,500 |
16/05/2017 (15/05/2022) |
First (Suite 3) |
Office |
165.37 sq m |
(1,780 sq ft) |
PRINCIPAL CHOICE LIMITED |
5 years from 18/08/2014 (8) |
£17,800 (9) |
(17/08/2019) |
First (Suite 4) |
Office |
52.58 sq m |
(566 sq ft) |
IBSECAD LIMITED |
3 years from completion of the lease (10) |
£6,226 |
(2017) |
Second (Suite 3) |
Office |
269.23 sq m |
(2,898 sq ft) |
MORRISONS SOLICITORS LLP |
10 years from 15/10/2010 (11) |
£43,470 |
15/10/2015 (14/10/2020) |
Second (Suite A) |
Office |
58.16 sq m |
(626 sq ft) |
BUILDING LABOUR & TRADES LIMITED |
5 years from 30/07/2014 (12) |
£9,390 |
(29/07/2019) |
Second (Suite B) |
Office |
60.29 sq m |
(649 sq ft) |
ALTITUDE AVIATION ADVISORY LIMITED |
5 years from 18/08/2014 (13) |
£9,735 (14) |
(17/08/2019) |
Third (Suite 6) |
Office |
442.77 sq m |
(4,766 sq ft) |
KCA (UK) |
5 years from 20/08/2010 (15) |
£23,830 |
(19/08/2015) |
2 Car Spaces |
|
|
|
MORRISONS SOLICITORS LLP |
Licence due to complete (16) |
£3,250 |
|
Totals |
|
1,522.67 sq m |
(16,390 sq ft) |
|
|
£223,451 (2, 10 & 16) |
(1) The tenant provided a rent deposit of £5,581.25. The tenant will provide a 6 month rent deposit.
(2) Documents are agreed and engrossments for signature have been issued.
(3) The lease provides for a tenant’s option to determine at the end of the 2nd & 3rd years, subject to 6 months’ prior written notice.
(4) The rent is subject to fixed rental increases on the anniversary of the term in 2015 to £13,000 p.a.x and in 2016 to £14,000 p.a.x.
(5) For the year ending 2nd June 2013, Games Workshop Limited reported a turnover of £91,499,000, pre-tax profits of £23,218,000 and a total net worth of
£25,215,000. (Source: www.riskdisk.com 19/09/2014)
(6) The lease provides for a tenant’s option to determine on 24th June 2015, subject to 6 months’ prior written notice.
(7) The lease provides for a tenant’s option to determine on 16th May 2017, subject to 6 months’ prior written notice.
(8) The lease provides for a tenant’s option to determine on 17/02/15 and 17/02/17 subject to 1 & 6 months’ prior written notice respectively.
(9) The tenant provided a rent deposit of £5,340 simultaneously to completing the lease.
(10) The lease is currently under offer. The lease provides for a tenant’s option to determine at the second anniversary and a three month rent free period.
(11) The lease provides for a tenant’s option to determine on 15th October 2016, subject to 6 months’ prior written notice.
(12) The lease provides for a tenant’s option to determine on 29/01/16 and 29/07/17 on 6 & 5 months’ notice respectively. Should the tenant exercise the first break clause it will pay 3 months rent penalty. Should the tenant not exercise the second break option then it will benefit from a further 3 months rent free.
(13) The lease provides for a tenant’s option to determine on 17th August 2017, subject to 6 months’ prior written notice.
(14)At completion of the lease the tenant provided a rental deposit of £5,841.
(15) The lease to KCA (UK) includes a right to use 1 car parking space.
(16) The licence is due to complete imminently.