Tenancy & Accommodation
| Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Reversion |
Ground
First
Second
|
Retail
Ancillary
Ancillary
|
123.65 sq m
28.33 sq m
30.01 sq m |
(1,331 sq ft)
(305 sq ft)
(323 sq ft) |
YEOVIL V.E.
LIMITED (1) with
a guarantee from
Vision Express
(UK) Limited (2) |
10.5 years from
28/11/2014 (3) on a
full repairing and
insuring lease |
£28,335 |
27/05/2025
(3) |
| Basement |
Unused |
not measured |
Total
|
181.99 sq m |
(1,959 sq ft) |
|
|
£28,335 |
|
(1) For the year ending 31st December 2018, Yeovil V.E. Limited reported a turnover of 1,073,000, pre-tax profits of 10,000 and shareholders funds of 79,000 (Source; SmartSearch 01/20/2020).
(2) For the year ending 31st December 2018, Vision Express (UK) Limited reported a turnover of 324,319,000, pre-tax profits of negative 16,533,000 and shareholders funds of 92,655,000 (Source: SmartSearch 01/20/2020). Vision express was founded in 1988 and now has approximately 575 stores across the UK and Ireland (www.visionexpress.com).
(3) The original lease term was 10 years from 28/11/2014, with a break clause in 2019 which was subsequently removed in return for the landlord reducing the passing rent to the current level of 28,335 p.a.x. The lease currently expires on 27/11/2024 although a 6 month lease extension has been agreed but not yet signed. Once signed the lease expiry will be 27/05/2025. See details in the legal pack.
