Tenancy & Accommodation
| Unit |
Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Reviews
|
Unit 11
(30-32
Portland
Walk)
|
Ground
First
Second
|
Retail
Retail
Ancillary
|
2,750 sq m
3,526 sq m
105 sq m
(1)
|
(29,601 sq ft)
(37,954 sq ft)
(1,133 sq ft)
(1)
|
DEBENHAMS
RETAIL PLC (2)
|
25 years from 25/12/1996
until 24/12/2021
|
£445,355
|
01/02/2017 (3)
|
Unit 12
(34 Portland
Walk)
|
Ground
|
Retail/Ancillary
|
137 sq m
|
(1,472 sq ft)
|
THE BODY SHOP
INTERNATIONAL
PLC (4)
|
25 years from 19/12/1996
until 18/12/2021
|
£50,000
|
19/12/2011 and 19/12/2016 (3)
|
Unit 13
(36 Portland
Walk)
|
Ground
|
Retail/Ancillary
|
124 sq m
|
(1,337 sq ft)
|
VACANT
POSSESSION (5)
|
|
|
|
Unit 14/15
(38-42
Portland
Walk)
|
Ground
First
|
Retail/Ancillary
Retail/Ancillary
|
490 sq m
347 sq m
|
(5,274 sq ft) (3,735 sq ft)
|
WH SMITH PLC (6)
|
3 years from 19/12/2016
until 18/12/2019
(7)
|
Peppercorn
|
|
Car Park
|
Roof
|
-
|
Approximately 106 Spaces
|
BARROW-INFURNESS
BOROUGH
COUNCIL t/a
Level A Car Park
|
25 years from 19/12/1996
until 18/12/2021
(8)
|
Peppercorn
|
|
Total
|
|
|
7,479 sq m
|
(80,506 sq ft)
|
|
|
£495,355
|
|
(1) The approximate floor areas for unit 11 are GIA.
(2) For the year ending 3rd September 2016, Debenhams Retail Plc reported a turnover of £2,105,400,000, pre-tax profits of £145,200,000 and a total net worth of £1,010,600,000 (Source: Experian Group 28/04/2017). Debenhams is a leading international, multi-channel brand with a proud British heritage which trades out of over 240 stores across 27 countries (Source: www.debenhams.com 28/04/2017).
(3) The rent review is outstanding.
(4) For the year ending 31st December 2015, The Body Shop International Plc reported a turnover of £404,100,000, pre-tax profits of £44,900,000 and a total net worth of £321,300,000 (Source: Experian Group 28/04/2017). The Body Shop forms part of the L'Oréal group and have over 3,000 stores in 66 countries (Source: www.thebodyshop.com 28/04/2017).
(5) The unit is currently being marketed to let at £32,500 p.a.x.
(6) John Menzies/WH Smith have been in occupation since at least 1996. For the year ending 31st August 2016, WH Smith Plc reported a turnover of £1,212,000,000, pre-tax profits of £131,000,000 and a total net worth of £105,000,000 (Source: Experian Group 28/04/2017). WH Smith have over 600 stores on the high street and over 600 stores at airports, train stations, hospitals and motorway services (Source: www.whsmith.co.uk 28/04/2017).
(7) The WH Smith lease provides a mutual rolling option to determine subject to 4 months’ notice.
(8) The tenant has a right to renew upon expiry to a market rent.
