Tenancy & Accommodation
| Accommodation |
Use |
Floor Areas
(Approx) |
Tenant |
Term |
Rent p.a.x |
Review |
| Ground Floor |
Retail
Ancillary |
167.04 sq m
10.40 sq m |
(1,798 sq ft)
(112 sq ft) |
Boots UK
Limited (1) |
10 years from
06/09/2019 until
05/09/2029 on a full repairing and
insuring lease (2) (3) |
£22,565 |
06/09/2024 |
| First Floor |
Ancillary |
130.90 sq m |
(1,409 sq ft) |
|
|
|
|
| Second Floor |
Unused |
|
|
|
|
|
|
Total
|
308.34 sq m |
(3,319 sq ft) |
|
|
£22,565 |
|
(1) For the year ending 31st August 2019, Boots UK Limited reported a turnover of 6,667,000,000, pre-tax profits of 217,000,000 and total shareholder funds of 2,110,000,000 (Source: Experian Group 16/06/2020). Boots is the largest pharmacy health and beauty chain in the UK and as at 31st August 2019 had 2,500 stores across the UK
(Source: www.boots-uk.com/about-boots-uk/about-boots/boots-in-numbers/ 16/06/2020).
(2) A new lease of 10 years was granted on 06/09/2019 at an increased rent of 22,565 p.a.x.
(3) On signing of their new lease in September 2019, Boots were granted a twelve month rent free period expiring in September 2020. The seller has agreed to adjust completion monies so the sale will effectively produce 22,565 p.a.x from the date of sale.
