Tenancy & Accommodation
| Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Ground
|
Office/Ancillary
|
1,410.64 sq m
|
(15,184 sq ft)
|
MAINTENANCE
MANAGEMENT
LIMITED (1) (2)
|
5 years from 01/04/2015 until
31/03/2020 on a full repairing
and insuring lease (3)
|
£182,500
|
| Totals |
|
1,410.64 sq m
|
(15,184 sq ft)
|
|
|
£182,500
|
(1) Maintenance Management Limited was established in 2001 to serve the maintenance needs of John Lewis, with the addition of Waitrose in 2006. MML have recently been awarded a three year extension to its maintenance management contract with John Lewis Partnership and have subsequently acquired maintenance contracts for companies including Lloyds Pharmacy and now manage over 3,500 sites with a variety of uses including retail premises, offices, distribution centres, manufacturing sites and leisure facilities. Other services provided by Maintenance Management Limited include facilities management, supply chain management, budget management, health and safety management and asset management. For the year ending 29th February 2016, Maintenance Management Limited reported a turnover of £194,491,004, pre-tax profits of £571,326 and a total net worth of £1,828,197. Maintenance Management Limited's ultimate holding company is Lesprit Limited, whose ultimate holding company is Lloyds Development Capital (Holdings) Limited whose ultimate holding company is Lloyds Banking Group Plc (Sources: www.maintenance-management.com and Experian Group 28/02/2017).
(2) A £200,000 + VAT dilapidations and rent deposit is held by the vendor. This deposit was paid when the current lease was granted in 2015.
(3) The lease is excluded from the Security of Tenure provisions of the Landlord and Tenant Act 1954.
