Tenancy & Accommodation
| Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Reversion |
Ground
Basement |
Bar/Nightclub
Bar/Nightclub |
270.16 sq m
122.51 sq m |
(2,907 sq ft)
(1,318 sq ft) |
KUKUI BARS
(NORTHAMPTON)
LIMITED (1) |
Approximately 7 years
and 11 months from
10/01/2014 |
£37,500 |
21/12/2021 |
First
Second |
Office
Office |
82.50 sq m
77.20 sq m |
(888 sq ft)
(830 sq ft) |
MIDLAND RED
(SOUTH) LIMITED
(2) |
Approximately 7 years
and 10 months from
13/02/2014 (3) |
£11,250 |
23/12/2021 |
Third
Fourth |
Office
Office |
87.50 sq m
48.27 sq m |
(941 sq ft)
(519 sq ft) |
VACANT
POSSESSION (4) |
|
|
|
| Total |
688.14 sq m |
(7,403 sq ft) |
|
|
£48,750 |
|
(1) For the year ending 31 March 2017, Kukui Bars (Northampton) Ltd reported a turnover of £643,227, pre-tax profits of £195,898 and a total net worth of £149,522 (Source: Experian Group 31/10/2018).
(2) Midland Red (South) Limited is a subsidiary of Stagecoach Group Plc (Source: Experian Group 31/10/2018). Stagecoach is the UK’s biggest bus and coach operator and has major city bus operations in London, Manchester, Liverpool, Newcastle, Hull, Sheffield, Oxford and Cambridge, as well as inter-urban services linking smaller locations (Source: www.stagecoach.com 31/10/2018).
(3) The lease provides an option to determine on 13/02/2021 subject to six months’ notice. The tenant did not exercise their February
2019 option to determine, and the notice period has now passed.
(4) Midland Red (South) Limited has recently expressed interest in these floors
