Tenancy & Accommodation
| Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Review |
| Ground |
Office |
286 sq m |
(3,078 sq ft) |
CBRE MANAGED
SERVICES
LIMITED (1) |
5 years from 29/07/2016 (2) |
£55,548 |
2019 |
| First |
Office |
286 sq m |
(3,078 sq ft) |
KIDS II (UK)
LIMITED (3) |
10 years from 10/07/2018 (4) |
£60,177 (5) |
2023 |
Total
|
572 sq m |
(6,156 sq ft) |
|
|
£115,725 |
|
(1) For the year ended 29th December 2017, CBRE Managed Services Limited reported a turnover of £864,810,000, pre-tax profits of £54,031,000 and a net worth of £153,434,000 (Source:- Experian 19/09/2018).
(2) Tenant’s option to break on 29th March 2019 upon 6 months’ notice.
(3) For the year ended 31st December 2016, Kids II UK Limited reported a turnover of £846,750, pre-tax profits of £77,120 and a net worth of £354,582 (Source:- Experian 19/09/2018). “Leveraging talent of the more than 450 global employees, Kids II has a rich history of developing industry-changing inventions that target the specific needs of families worldwide. Kids II spans the globe with 14 global offices and operations in six continents bringing happiness to babies in more than 70 countries everyday” (Source:- www.kidsii.com). (4) Tenant’s option to break in 2023.
(5) The tenant has a rent free period due to expire in January 2019. The Seller will adjust the completion monies so that the unit effectively produces £60,177 per annum from completion of the sale.
