Tenancy & Accommodation
| Unit |
Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Review/(Reversion) |
| 1 & 2 |
Ground |
Retail |
149.02 sq m |
(1,604 sq ft) |
MR A PERLMUTTER t/a A Perlmutter & Son |
5 years from 03/02/2010 |
£25,000 (1) |
(02/02/2015) |
| 3 |
Ground |
Retail |
41.43 sq m |
(446 sq ft) |
HAMPDEN CLINIC LTD
t/a Hampden Dental Clinic |
15 years from 27/04/2007 |
£7,500 |
27/04/2012
27/04/2017 |
| 4 |
Ground |
Retail |
53.88 sq m |
(580 sq ft) |
MR L KYRIAKIDES t/a Tout Age |
5 years from 09/02/2010 |
£11,000 (2) |
(08/02/2015) |
| 5 |
Ground |
Retail |
50.70 sq m |
(546 sq ft) |
SANGER FLOORING LTD t/a Sanger Flooring |
10 years from 01/02/2007 |
£10,750 |
01/02/2012 (31/01/2017) |
| 6 |
Ground |
Retail |
49.40 sq m |
(532 sq ft) |
NGUYEN (NAIL BAR) t/a Top Nails |
15 years from 16/09/2013 |
£10,750 |
16/09/2018 and 5 yearly |
| 7 |
Ground |
Retail |
50.27 sq m |
(541 sq ft) |
OWEN (KIDS SHOES) t/a Shoe Zoo |
15 years from 26/04/2013 |
£10,750 (7) |
26/04/2018 and 5 yearly |
| 8 |
Ground |
Retail |
50.27 sq m |
(541 sq ft) |
MRS E SPYRIS t/a Treasured Moments |
15 years from 15/05/2008 |
£11,250 (3) |
15/05/2013 and 5 yearly |
| 9 |
Ground |
Retail |
50.91 sq m |
(548 sq ft) |
MR C KYRIACOU t/a Mackenzie’s |
10 years from 03/05/2005 |
£10,500 |
(02/05/2015) |
| 10 |
Ground |
Retail |
50.49 sq m |
(543 sq ft) |
MRS BC t/a Southgate Physio |
10 years from 18/06/2007 |
£10,750 |
18/06/2012, (17/06/2017) |
| 11 |
Ground |
Retail |
56.50 sq m |
(608 sq ft) |
VAPE HQ LIMITED |
5 years from 16/12/2013 |
£10,750 |
(15/12/2018) |
| 12 |
Ground |
Retail |
46.40 sq m |
(499 sq ft) |
INDIVIDUALS (4) |
5 year term agreed (4) |
£9,600 (4) |
|
| 13 |
Ground |
Retail |
51.30 sq m |
(552 sq ft) |
MR M LA CORTE t/a Paint the Town |
15 years from 22/08/2007 |
£13,500 |
22/08/2012, 22/08/2017 |
| 14 & 15 |
Ground |
Retail |
131.51 sq m |
(1,435 sq ft) |
MS C MICHAEL t/a Fakin It! |
Holding over |
£24,750 |
|
| 16 |
Ground |
Retail |
78.97 sq m |
(850 sq ft) |
WILLIAM HILL ORGANIZATION LIMITED (5) |
15 years from 23/03/2007 |
£14,000 |
23/03/2012, 23/03/2017 |
| 17 |
Ground |
Retail |
59.97 sq m |
(624 sq ft) |
MRS E VASSILOU t/a Elysium Hair Studio |
12 years from 30/05/2004 |
£12,750 |
(29/05/2016) |
| 18 |
Ground |
Retail |
38.15 sq m |
(411 sq ft) |
HAPPY PET LTD t/a Veterinary Surgery |
15 years from 25/12/2003 |
£8,750 |
25/12/2013 (24/12/2018) |
| 1A-18A |
First &
Second |
18 Residential
Flats |
Not measured |
|
INDIVIDUALS (6) |
Various long leases, 6 with
66 years unexpired and 3 with
89 years unexpired |
£1,975 |
|
| Total Commercial Area |
|
1,009.17 sq m |
(10,860 sq ft) |
|
|
£204,325 |
|
(1) The tenant is currently benefitting from a personal rent concession of £1,000 p.a.x.
(2) The tenant is currently benefitting from a personal rent concession of £1,000 p.a.x.
(3) The tenant is currently benefitting from a personal rent concession of £500 p.a.x.
(4) Heads of terms have been agreed for a term of 5 years at a current rent reserved of £9,600 p.a.x. A copy of the heads of terms are available in the legal pack. The lease provides for a tenant option to determine on the 2nd anniversary of the term.
(5) For the year ending 31st December 2013, William Hill Organization Limited reported a turnover of £15,339,482,000, pre-tax profits of £212,269,000 and a negative net worth of –£731,094,000. (Source: riskdisk.com 13/11/2014)
(6) The seller has served notice on the residential lessees under Section 5B of the Landlord and Tenant Act 1987.
(7) As to Unit 7, the current rent reserved is £9,750 p.a.x. The lease provides for a fixed increase in rent to £10,750 on 24th April 2015. The seller will pay the buyer the difference between £9,750 p.a.x. and £10,750 p.a.x. from completion of the sale until 24th April 2015.
