Tenancy & Accommodation
| Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Review (Reversion) |
Ground
First |
Supermarket/Ancillary
Ancillary (2) |
646.82 sq m
– |
(6,963 sq ft)
(-)
|
ICELAND
FOODS
LIMITED (1) |
25 years from
28/02/2005
until 27/02/2030 on a full
repairing and insuring
lease |
£112,215
rising to
£126,961 in
Feb 2020 and to
£143,645
in Feb 2025 |
28/02/2020
28/02/2025
(27/02/2030) |
| Ground |
Retail/Ancillary
(sublet)
(t/a Co-op Funeral Care) |
76.40 sq m |
(822 sq ft) |
| Ground |
Retail/Ancillary
(sublet)
(t/a
Poundfever
Discount Store) |
391.89 sq m |
(4,218 sq ft) |
|
|
|
| Totals |
|
1,115.01 sq m |
(12,003 sq ft) |
|
|
£112,215 |
(1) 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: Experian Group 04/04/2016). 28 Walton Vale is currently sublet to Funeral Services Limited on a sublease expiring in August 2021 (and a tenant break option in August 2016) at a sublet rent of £13,500 per annum. 36 Walton Vale ground is sublet to Poundfever Limited on a sublease expiring in May 2018 at a sublet rent of £30,000 per annum.
(2) The first floor accommodation above the Poundfever unit is let to but not used by Iceland. The auctioneers were unable to access this accommodation.
