Tenancy & Accommodation
| Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x. |
Review/(Reversion) |
Ground
Basement
Part First
Part Second |
Retail/Ancillary
Ancillary
Ancillary
Ancillary |
197.88 sq m
55.74 sq m
104.97 sq m
106.83 sq m |
(2,130 sq ft)
(600 sq ft)
(1,230 sq ft)
(1,150 sq ft) |
CRAWSHAW
BUTCHERS
LIMITED (1) |
10 years from 07/04/2016
on a full repairing and
insuring lease (2) |
£45,000 (3) |
07/04/2021
(06/04/2026) |
| Totals |
|
465.42 sq m |
(5,110 sq ft) |
|
|
£45,000 |
|
(1) Crawshaws was founded in Yorkshire in 1954 and is the UKs leading Fresh Meat & Food to Go retailer, with stores across the Midlands & North of England. They are currently undertaking a rapid expansion programme that will see the number of stores increase tenfold within 8-10 years. For the year ending 31st January 2015, Crawshaw Butchers Limited reported a turnover of £23,828,615, pre-tax profits of £1,602,505 and a total net worth of £5,791,745 (Sources: www.crawshawbutchers.com and Experian Group 20/10/2016).
(2) The lease is subject to a Schedule of Condition.
(3) The initial rent under the terms of the lease is £17,500 per annum rising to £18,750 per annum on the first anniversary of the date of the lease, rising to £40,000 per annum on the second anniversary of the date of the lease, rising to £42,500 per annum on the third anniversary of the date of the lease and rising to £45,000 per annum on the fourth anniversary of the date of the lease. The vendor has agreed to adjust the completion monies so that the property will effectively produce £45,000 per annum from completion of the sale.
