Tenancy & Accommodation
| Unit |
Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Reviews |
| 2 |
Ground
|
Retail |
431.72 sq m |
(4,647 sq ft) |
FARMFOODS LIMITED (1) |
25 years from 04/04/2005 until 2030 (2)
|
£43,500 |
03/04/2010 (5)
5 yearly |
| 3 |
Ground
|
Retail |
598.48 sq m |
(6,442 sq ft) |
UNITED CARPETS (NORTHERN) LTD (3) |
15 years from 15/09/2008 until 2023 |
£60,000 (4) |
15/09/2013
5 yearly with RPI uplifts |
| Totals |
|
|
1,030.20 sq m |
(11,089 sq ft) |
|
|
£103,500 |
|
(1)?To the year ending 31st December 2008 Farmfoods Limited reported a turnover of ?423,876,000, pre-tax profits of ?9,211,000 and a net worth of ?41,781,000. (2)?As to Unit 2 Farmfoods have a option to determine the lease on 4th April 2020. (3)?To the year ending 31st March 2008 United Carpets (Northern) Ltd reported a turnover of ?10,500,000, pre-tax profits of ?2,058,000 and a net worth of ?584,000. United Carpets plc are their ultimate parent company. (Source: www.riskdisk.com) (4)?As to Unit 3 please note the current rent is ?40,000 p.a.x rising to ?50,000 p.a.x. in 2011, ?55,000 p.a.x. in 2012 and ?60,000 p.a.x. in 2013. The seller will pay the buyer a sum equal to the difference between the current rent reserved and ?60,000 p.a.x. from completion of the sale until September 2013. (5)?As to the 2010 rent review, Notice has been served proposing a new rent of ?65,000 p.a.x.
