Tenancy & Accommodation
| Unit |
Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Reviews |
| 1 |
Ground |
Offices/
Ancillary |
238.00 sq m |
(2,562 sq ft) |
TEAM FOSTERING (1) |
10 years from
01/09/2015 until
31/08/2025 |
£12,810 |
01/09/2020 |
| |
First |
Offices/
Ancillary |
238.00 sq m |
(2,562 sq ft) |
SVENSKA
HANDELSBANKEN A B
(publ) (2) |
10 years from
11/06/2013 until
10/06/2023 |
£15,500 |
- |
| 2 |
Ground/First |
Offices/
Ancillary |
473.79 sq m |
(5,100 sq ft) |
EMERSON PROCESS
MANAGEMENT LIMITED
(3) |
5 years from
22/06/2016 until
21/06/2021 |
£38,500 |
- |
| 3 |
Ground/First |
Offices/
Ancillary |
473.79 sq m |
(5,100 sq ft) |
ACT RESPONSE
LIMITED (4) |
5 years from
29/09/2015 until
28/09/2020 |
£33,000 |
- |
| 4 & 5 |
Ground/First |
Offices/
Ancillary |
947.58 sq m |
(10,200 sq ft) |
VACANT (5) |
- |
- |
- |
| 6 |
Ground/First |
Offices/
Ancillary |
473.79 sq m |
(5,100 sq ft) |
VACANT (5) |
- |
- |
- |
| 7 |
Ground |
Offices/
Ancillary |
238.00 sq m |
(2,562 sq ft) |
BARKER &
STONEHOUSE LIMITED
(6) |
5 years from
November 2018
November 2023 (6) |
£11,000 |
- |
| |
First |
Offices/
Ancillary |
238.00 sq m |
(2,562 sq ft) |
WASLEY CHAPMAN LLP
(7) |
10 years and 4
months 19/01/2016
until 18/05/2026 (7) |
£14,000 rising
to £15,000 in
19/05/2019 (7) |
19/05/2021 |
| 8 |
Ground/First |
Offices/
Ancillary |
473.81 sq m |
(5,100 sq ft) |
VACANT (5) |
- |
- |
- |
| Total |
3,794.76 sq m |
(40,848 sq ft) |
|
|
£124,810 |
|
(1) Team Fostering is an independent fostering agency, established in 2001 to provide safe, high quality, family based care for children who are looked after by the Local Authority (Source: www.teamfostering.co.uk 06/11/2018).
(2) Founded in 1871, Handelsbanken is one of Sweden’s leading banks with over 800 branches in more than 20 countries, and nearly 12,000 employees (Source: www.handelsbanken.co.uk 06/11/2018). The lease was subject to a tenant only break option in June 2018, which was not exercised.
(3) Emerson is a highly focused software company. For the year ending 30th September 2017, Emerson Process Management Limited reported a turnover of £184,874,000, pre-tax profits of £13,096,000 and a total net worth of £139,922,000 (Sources: www.emerson.com and Experian Group 06/11/2018). The lease was subject to tenant only break options in December 2017 and June 2019 (subject to 9 month notice periods), both of which were not exercised.
(4) ACT Response are wirefree specialists installing 4th generation wireless security and safety systems for homes and businesses (Source: www.actresponse.com 06/11/2018). The lease was subject to a tenant only break option in December 2017, which was not exercised.
(5) All the vacant units are occupied by charitable organisations on flexible terms paying a proportion of the rates – please see legal pack.
(6) Barker & Stonehouse is the UK’s largest independent, family-run furniture retailer and was founded in 1946. For the year ending 2nd April 2017, Barker & Stonehouse reported a turnover of £66,372,000, pre-tax profits of £4,111,000 and a total net worth of £22,688,000 (Sources: www.barkerandstonehouse.co.uk and Experian Group 06/11/2018). The lease provides for a tenant option to determine on the second anniversary of term commencement.
(7) Wasley Chapman was founded in 1918 and is a firm of accountants with offices in Redcar, Whitby, Saltburn, Guisborough and Scarborough (Source: www.wasley-chapman.co.uk 06/11/2018). A rent deposit of £2,500 is held by the Seller. The lease provides for a tenant option to determine on 19th May 2021. If the tenant does not serve the break notice, a 3 month rent-free period will be granted from 19th May 2021.
