Tenancy & Accommodation
| Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Review |
(1) Ground
First
(2) Ground
First |
Retail/Ancillary
Retail
Retail/Ancillary
Retail |
481.00 sq m
258.80 sq m
328.50 sq m
379.20 sq m |
(5,176 sq ft)
(2,785 sq ft)
(3,535 sq ft)
(4,080 sq ft) |
ICELAND FOODS
LIMITED (1) part
sublet to Superdrug
Stores Plc (2) |
10 years from
07/07/2014 until
06/07/2024 |
£95,000 |
07/07/2019 |
Totals
|
1,447.50 sq m |
(15,576 sq ft) |
|
|
£95,000 |
|
(1) For the year ending 24th March 2017, Iceland Foods Limited reported a turnover of £2,770,500,000, pre-tax profits of £67,300,000 and a total net worth of £784,100,000 (Source: Experian 09/11/2017). Iceland is one of Britain’s fastest-growing and most innovative retailers with over 880 stores throughout the UK, a further 40 owned or franchised stores across Europe, and a global export business (Source: www.about.iceland.co.uk 09/11/2017). Iceland has been in occupation of their unit since 1988.
(2) Iceland Foods Limited has sublet one of the units to Superdrug Stores PLC for a term of 5 years from 7th July 2014 at a rent of £42,000 p.a.x. For the year ending 31st December 2016, Superdrug Stores Plc reported a turnover of £1,213,600,000, pre-tax profits of £80,385,000 and a total net worth of £86,291,000 (Source: Experian 09/11/2017). Superdrug are part of the AS Watson Group and are the United Kingdom's second-largest beauty and health retailer, currently operating approximately 800 stores in England, Scotland, Wales, Northern Ireland and the Republic of Ireland (Source: www.superdrug.com 09/11/2017). Superdrug has been in occupation of their unit since 1989.
