Tenancy & Accommodation
| Unit |
Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x. |
Review/(Reversion) |
| 1 |
Ground
Basement |
Retail/Ancillary
Ancillary |
515.20 sq m
111.30 sq m |
(5,546 sq ft)
(1,198 sq ft) |
POUNDSTRETCHER LIMITED (1) |
10 years from 24/03/2012 until 23/03/2022 (2) |
£72,500 |
24/03/2017 |
| 1A |
Ground |
Retail |
97.20 sq m |
(1,046 sq ft) |
DONE BROTHERS (CASH BETTING)
LIMITED (3) |
15 years from 07/10/2002 until 06/10/2017 |
£23,000 |
07/10/2012 |
| 2 |
Ground |
Public House |
Not Measured |
J D WETHERSPOONS PLC (4)
(t/a Spread Eagle Public House) |
50 years from 30/10/1998 until 29/10/2048 (5) |
£66,500 |
30/10/2018 and
5 yearly |
| 3 |
Ground |
Retail |
110.40 sq m |
(1,188 sq ft) |
KENMARE ESTATES LIMITED
(t/a Cooperative Travel) (6) |
10 years from 04/10/2011 (7) |
£22,000 |
(03/10/2021) |
| 4 |
Ground |
Retail |
98.10 sq m |
(1,056 sq ft) |
INDIVIDUAL
(t/a Motorist Discount
Centre) |
15 years from 04/12/1998 until 03/12/2014 (8) |
£17,500 |
(03/12/2013) |
| |
Ground |
Storage |
Not Measured |
INDIVIDUAL |
1 year from 01/11/1998 |
£192 |
(31/10/1999) (8) |
| |
Ground |
Public House -
Storage |
Not Measured |
J D WETHERSPOONS PLC (4) |
Approx 47 years 6 months from 23/04/2001 until 29/10/2048 |
£645 |
23/04/2008
and yearly |
| |
Ground |
Car Parking |
Not Measured |
EXCEL PARKING SERVICES LIMITED |
Rolling Annual Management
Agreement from 14/07/2006 |
(9) |
(8) |
| |
First/Second |
Residential (10) |
Not Measured |
INDIVIDUALS |
8 Separate Assured Shorthold Tenancies |
£41,696 |
(Various) |
| |
First/Second |
Residential (10) |
Not Measured |
INDIVIDUALS |
2 x Regulated Tenancies |
£8,086 |
(Various) |
| Totals |
|
|
932.20 sq m |
(10,034 sq ft) |
|
|
£252,119 with
additional income
from car park (9) |
|
(1) Established in 1981 Poundstretcher is the UK’s leading variety discount retailer for quality food, toiletries, garden essentials and home-ware brands with over 400 stores nationwide (Source: www.poundstretcher.co.uk 22/09/2015)
(2)The lease to Poundstretcher Limited provides an option to determine on 23/03/2017.
(3)For the year ending 28th September 2014, Done Brothers (Cash Betting) Limited reported a turnover of £417,111,000, pre-tax profits of £13,967,000 and a total net worth of £108,429,000. (Source: Experian Group 11/09/2015) The unit has been sublet and is currently trading as The Swan Trio Shoe Repairs.
(4) For the year ending 27th July 2014, J D Wetherspoon Plc reported a turnover of £1,409,333,000, pre-tax profits of £78,365,000 and a total net worth of £200,330,000. (Source: Experian Group 11/09/2015)
(5) The lease to J D Wetherspoon Plc provides an option to determine on 30/10/2023.
(6) Co-operative Travel is part of The Midcounties Co-operative - an innovative Co-operative Society formed in 1844. (Source: www.cooptravel.co.uk 22/09/2015)
(7) The lease to Kenmare Estates limited provides an option to determine on 04/10/2016.
(8) The tenant is holding over.
(9) The rental income is equivalent to 50% of any takings. This amount varies annually but for the year 2014/2015 was £7,500.00.
(10) The rental income for the residential flats has been annualised. Please refer to the legal pack for a full breakdown of rents and lease terms.
