Tenancy & Accommodation
Unit No. |
Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Review (Reversion) |
121 |
Ground First |
Retail/Ancillary Ancillary |
397.40 sq m 422.30 sq m |
(4,278 sq ft) (4,545 sq ft) |
ARGOS LIMITED (1) |
10 years from 2016 (2) |
£52,500 |
2021 (2026) |
121A |
Ground |
Retail/Ancillary |
193.05 sq m |
(2,078 sq ft) |
DUVETCO LIMITED t/a Ponden Homes (3) |
Licence - 6 months from 06/01/2012 (4) |
£18,960 |
Totals |
|
1,012.75 sq m |
(10,901 sq ft) |
|
|
|
£71,460 |
|
(1) For the year ending 28th February 2015, Argos Limited reported a turnover of £3,919,176,000, pre-tax profits of £97,146,000 and a total net worth of £1,202,554,000 (Source: Experian Group 20/04/2016).
(2) Unit 121 is currently let to Argos Limited for a term of 10 years from 29th September 2013 with a tenant option to determine on 31st December 2018 at a rent of £52,500 p.a.x. Terms for a new 10 year lease with a tenant option to determine on the fifth anniversary of the term has been agreed, subject to a 3 months’ rent free period, and is in solicitors’ hands due to complete imminently.
(3) For the year ending 28th February 2015, Duvetco Limited reported a turnover of £26,294,000, pre-tax profits of £2,046,000 and a total net worth of £7,749,000 (Source: Experian Group 20/04/2016).
(4) The Licensor or the Licensee may terminate the Licence at any time following at least three months’ prior written notice.