Tenancy & Accommodation
| Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Reversion |
Ground
First |
Retail
Ancillary |
186.17 sq m
109.25 sq m |
(2,004 sq ft)
(1,176 sq ft) |
BOOTS UK
LIMITED (1) |
10 years from
29/03/2013 (2)
on a full repairing
and insuring lease |
£40,031.45
(3) |
31/03/2023 |
Total
|
295.42 sq m |
(3,180 sq ft) |
|
|
£40,031.45
(3) |
|
(1) For the year ending 31st August 2016, Boots UK Limited reported a turnover of £6,876,000,000, pre-tax profits of £523,000,000 and a total net worth of £1,204,000,000 (Source: Experian Group 17/01/2018). Boots is the UK’s leading pharmacy-led health and beauty retailer, with around 2,500 stores in the UK, ranging from local community pharmacies to large destination health and beauty stores. Boots UK is part of the Retail Pharmacy International Division of Walgreens Boots Alliance, Inc, the first global pharmacy-led health and wellbeing enterprise (Source: www.boots-uk.com 17/01/2018).
(2) The lease provides a tenant only option to determine on 31/03/2020.
(3) The lease provides for annual fixed rental increases of 1.5%, the rent will therefore increase to £40,031.45 p.a.x. on 01/04/2019. The seller has agreed to adjust the completion monies to effectively produce £40,031.45 p.a.x from completion of the sale.
