Tenancy & Accommodation
| Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Reviews |
Gross Frontage
Return Frontage & Built Depth
Ground
First
Second |
Retail
Ancillary
Ancillary |
29.30 m
37.50 m
1,105.5 sq m
1,086.9 sq m
594.6 sq m |
(96' 0")
(123' 0")
(11,900 sq ft)
(11,700 sq ft)
(6,400 sq ft) |
LITTLEWOODS LIMITED
(formerly THE LITTLEWOODS ORGANISATION PUBLIC LIMITED COMPANY)
on assignment to ATRIUM 100 PROPERTIES LIMITED (1) |
99 years until 09/05/2062 |
£215,000 |
May 2029 (2) |
Gross Frontage
Built Depth
Ground
First
Second |
Retail
Ancillary
Ancillary |
19.20 m
48.20 m
1,040.5 sq m
1,031.2 sq m
250.8 sq m |
(63' 0")
(158' 0")
(11,200 sq ft)
(11,100 sq ft)
(2,700 sq ft) |
LITTLEWOODS LIMITED
(formerly THE LITTLEWOODS ORGANISATION PUBLIC LIMITED COMPANY)
on assignment to ATRIUM 100 PROPERTIES LIMITED (1) |
18/06/1970 until 09/05/2062 |
£50,000 |
May 2029 (3) |
| Totals |
|
5,109.5 sq m |
(55,000 sq ft) |
|
|
£265,000 |
|
(1) For the year ending 30th April 2010, Littlewoods Limited reported a turnover £471,000, a pre-tax loss of £302,000 and a net worth of £444,276,000. (Source:www.riskdisk.com 25/01/2011) For the year ending 12th September 2009, Atrium 100 Properties Limited reported pre-tax profits £6,751,000 and total assets less current liabilities of £180,096,000. (Source: Directors’ Report and financial statements, published at Companies House 26/02/2010) The ultimate holding company of Atrium 100 Properties Limited is Whitlington Investments Limited who is also the ultimate holding company of Associated British Foods plc. Littlewoods Stores Holdings Limited were acquired by Associated British Food plc in 2005. (2) The leases provide for the rent to reviewed to 4/5 of the market annual rental value.
(3) The lease provides for the rent to be reviewed to the greater of modern ground rental value and the rent payable immediately prior to the review.
