Tenancy & Accommodation
| Unit |
Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x. |
Review |
| 1 |
Ground
First |
Retail
Ancillary |
91.69 sq m
85.75 sq m |
(987 sq ft)
(923 sq ft) |
FAT FACE HOLDINGS LIMITED (1) |
15 years from 17/03/2009 until 16/03/2024 |
£50,000 |
17/03/2019 |
| 2 |
Ground |
Retail/Ancillary |
108.97 sq m |
(1,173 sq ft) |
HOLLAND & BARRETT RETAIL LIMITED (2) |
15 years from 12/03/2009 until 11/03/2024 |
£36,000 |
12/03/2019 |
| 3 |
Ground
First |
Retail/Ancillary
Retail |
158.03 sq m
111.48 sq m |
(1,701 sq ft)
(1,200 sq ft) |
ANGLING DIRECT LIMITED (3) |
Approx. 13 years 2 months from 28/04/2011 until 12/06/2024 |
£32,500 |
15/06/2019 |
| 4 |
Ground |
Retail/Ancillary |
455.96 sq m |
(4,908 sq ft) |
ICELAND FOODS LIMITED (4) |
15 years from 01/07/2013 until 28/06/2028 (5) |
£77,500 |
01/07/2018 |
| 5 |
Ground |
Retail/Ancillary |
376.63 sq m |
(4,054 sq ft) |
LAURA ASHLEY LIMITED (6) |
15 years from 19/05/2008 until 18/05/2023 (7) |
£53,000 |
19/05/2018 (8) |
| Totals |
|
|
1,388.51 sq m |
(14,946 sq ft) |
|
|
£249,000 |
|
(1) For the year ending 31st May 2014, Fat Face Holdings Limited reported a turnover of £12,083,000, pre-tax profits of £15,270,000 and a total net worth of £68,991,000. (Source: www.riskdisk.com 27/08/2015)
(2)For the year ending 30th September 2014, Holland & Barratt Retail Limited reported a turnover of £368,823,000, pre-tax profits of £89,463,000 and a total net worth of £260,473,000. (Source: www.riskdisk.com 27/08/2015)
(3)Angling Direct is a local company operating out of eight retail stores around Norfolk, Essex, Suffolk and Kent. The company also has a large online business and is rated as the number 1 fishing tackle shop online in the UK. (Source: www.anglingdirect.co.uk 27/08/2015). The lease is guaranteed by Hillages Limited.
(4)For the year ending 27th March 2015, Iceland Foods Limited reported a turnover of £2,682,021,000, pre-tax profits of £58,794,000 and a total net worth of £709,630,000. (Source: www.riskdisk.com 27/08/2015)
(5)The lease to Iceland Foods Limited provides an option to determine on the tenth anniversary of the term.
(6)For the year ending 25th January 2014, Laura Ashley Limited reported a turnover of £287,758,000, pre-tax profits of £19,144,000 and a total net worth of £104,792,000. (Source: www.riskdisk.com 27/08/2015)
(7)The lease to Laura Ashley Limited provides a tenant option to determine on 18th May 2018, subject to a £87,500 penalty. Refer to the legal pack for further details.
(8)The 2018 rent review is capped at 1.75% per annum compounded.
