Tenancy & Accommodation
Unit |
Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Review (Reversion) |
Unit 2 |
Ground First |
Retail Ancillary |
115.02 sq m 104.84 sq m |
(1,238 sq ft) (1,128 sq ft) |
HARVEY & THOMPSON LIMITED (1) |
15 years from 13/12/2010 (2) |
£35,000 |
(12/12/2025) |
Unit 3 |
Ground First |
Retail Ancillary |
17.21 sq m 8.96 sq m |
(185 sq ft) (96 sq ft) |
TIMPSON LIMITED (3) |
10 years from 01/11/2015 (4) |
£10,000 |
01/11/2020 (31/10/2025) |
Unit 4 |
Ground First |
Retail Ancillary |
49.03 sq m 49.50 sq m |
(528 sq ft) (533 sq ft) |
CASH SHOP LIMITED |
10 years from 05/11/2012 |
£27,500 |
(04/11/2022) |
Unit 5 |
Ground First |
Retail Ancillary |
82.11 sq m 43.83 sq m |
(884 sq ft) (472 sq ft) |
GREGGS PLC (5) |
10 years from 25/03/2010 |
£38,000 |
25/03/2015 (24/03/2020) |
2nd Floor, 2-6 Effingham Street |
Second Floor |
Office |
273.60 sq m (6) |
(2,945 sq ft) (6) |
VACANT POSSESSION |
|
|
|
Total Commercial Area |
744.10 sq m |
(8,009 sq ft) |
|
|
£110,500 |
|
(1) For the year ending 31 December 2017, Harvey & Thompson Limited reported a turnover of £110,333,000, pre-tax profits of £14,237,000 and a total net worth of £95,422,000 (Source: Experian Group 09/04/2019).
(2) In 2018, a reversionary lease for a term of five years expiring on 12/12/2025 was entered into. The tenant was granted an 11 month rent free period pursuant to a deed of variation which is due to expire on 10/09/2019. The seller has agreed to adjust the completion monies so that the unit will effectively produce £35,000 from the completion of sale.
(3) For the year ending 29 September 2018, Timpson Limited reported a turnover of £164,229,000, pre-tax profits of £5,718,000 and a total net worth of £54,227,000 (Source: Experian Group 09/04/2019).
(4) The lease provides a tenant option to determine on 31/10/2020.
(5) For the year ending 30 December 2017, Greggs Plc reported a turnover of £960,005,000, pre-tax profits of £71,945,000 and a total net worth of £284,626,000 (Source: Experian Group 09/04/2019)
(6) Please note the areas stated have been taken from the VOA at www.gov.uk.