Tenancy & Accommodation
| Unit |
Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Review/
(Reversion) |
| 67 |
Ground
First
Second |
Retail
Ancillary
Ancillary |
78.41 sq m
48.96 sq m
14.12 sq m |
(844 sq ft)
(527 sq ft)
(152 sq ft) |
JOULES LIMITED
(1) |
Approx 15
years
1 month from
27/02/2006 (2) |
£57,500 |
(24/03/2021) |
| 69 |
Ground
First
Second |
Retail
Ancillary
Ancillary |
100.33 sq m
87.05 sq m
27.73 sq m |
(1,080 sq ft)
(937 sq ft)
(298 sq ft) |
SPECSAVERS
OPTICAL
SUPERSTORES
LIMITED (3) |
10 years from
15/10/2013 (4) |
£56,000 |
15/10/2018 |
71 and two
car parking
spaces (6) |
Ground
First
Second |
Retail
Ancillary
Ancillary |
131.92 sq m
37.16 sq m
34.37 sq m |
(1,420 sq ft)
(400 sq ft)
(370 sq ft) |
CHARNLEY’S
OPTICIANS
LIMITED (5) (6) with
personal guarantee |
Approx 20
years from
20/12/2000 |
£80,000 |
(24/12/2020) |
| Total |
|
560.05 sq m |
(6,028 sq ft) |
|
|
£193,500 |
|
(1) For the year ending 29th May 2016, Joules Limited reported a turnover of £131,295,000, pre tax profits of £6,603,000 and a total net worth of £11,067,000 (Source: Experian Group 11/09/2017). Joules has 97 stores in the UK and Republic of Ireland and a customer database of two million customers (Source: www.joulesgroup.com 11/09/2017).
(2) Please refer to clause 7 within the lease.
(3) For the year ending 29th February 2016, Specsavers Optical Superstores Limited reported a turnover of £673,564,000, pre tax profits of £28,776,000 and a total net worth of £53,648,000 (Source: Experian Group 11/09/2017). Specsavers is a partnership of nearly 2,000 locally-run businesses, committed to delivering high quality, affordable optical and hearing care (Source: www.specsavers.co.uk 11/09/2017).
(4) The lease provides a tenant’s option to determine on 14th October 2018.
(5) Charnley's Opticians has over 100 years of service as an independent optician (Source: www.charnleys-opticians.co.uk 11/09/2017)
(6) The Vendor has a lease for two car parking spaces for a term expiring 5th October 2137 at a peppercorn rent which has been sublet to Charnley's Opticians on a term expiring 19th December 2020 at a peppercorn rent. The head lease will be assigned to the purchaser on completion.
