Tenancy & Accommodation
| |
Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Reviews |
1
1A |
Ground
First |
Retail
Ancillary |
91.60 sq m
103.68 sq m |
(986 sq ft)
(1,116 sq ft) |
MULLIGAN
COMMUNITY
CIC |
Approximately 6
years from
11/11/2019 until
03/07/2025 (1) |
£12,000 |
04/07/2023 |
| 3 |
Ground
First |
Retail
Ancillary |
102.29 sq m
97.18 sq m |
(1,101 sq ft)
(1,046 sq ft) |
SUBWAY
REALTY
LIMITED (2) |
10 years from
08/09/2019 until
07/09/2029 (3) |
£13,000 |
08/09/2024 |
| 3A |
Ground
First |
Retail
Ancillary |
104.33 sq m
109.16 sq m |
(1,123 sq ft)
(1,175 sq ft) |
BRITISH
HEART
FOUNDATION
(4) |
5 years from
24/03/2017 until
23/03/2022 |
£15,000 |
- |
| 4/5 |
Ground
First |
Retail
Ancillary |
283.35 sq m
173.82 sq m |
(3,050 sq ft)
(1,871 sq ft) |
HALIFAX PLC |
15 years from
18/06/2007 until
17/06/2022 |
£105,000 |
- |
| 7 & 7A |
Ground
First |
Retail
Ancillary |
434.97 sq m
321.16 sq m |
(4,682 sq ft)
(3,457 sq ft) |
NEW LOOK
RETAILERS
LIMITED (5) |
5 years from
13/12/2019 until
12/12/2024 (6) |
3% turnover
rent (7) |
- |
| 9 |
Ground
First |
Retail
Ancillary |
306.02 sq m
355.26 sq m |
(3,294 sq ft)
(3,824 sq ft) |
SUE RYDER (8) |
10 years from
08/07/2019 until
07/07/2029 (9) |
£25,943 |
08/07/2024 |
Total
|
2,482.82 sq m |
(26,725 sq ft) |
|
|
£193,885 (10) |
|
(1) The lease is subject to a tenant's option to determine on 03/07/2021, and a landlord's option to determine at any time on giving one month's notice.
(2) For the year ending 31/12/2018, Subway Realty Limited reported a turnover of £35,107,808, pre tax profits of £1,530,929 and total assets of £7,749,186 (NorthRow 13/11/2020).
(3) The lease is subject to a tenant's option to determine on 08/09/2024.
(4) British Heart Foundation was founded in 1961 and operates from over 700 stores (www.bhf.org.uk).
(5) Founded in 1969, New Look now operates in over 800 stores around the world, the majority in the UK and the Republic of Ireland (www.newlookgroup.com 12/11/2020).
(6) The lease is subject to a tenant's option to determine on 13/12/2022.
(7) New Look Retailers Limited filed for CVA in September 2020 and as a result it has been agreed that they will pay a 3% turnover rent for this store on the equivalent monthly basis. Under the CVA the landlord and tenant are granted additional rights to terminate the lease. Please see legal pack for full details and a copy of the CVA agreement.
(8) Sue Ryder was founded in 1953 and operates from over 400 shops across the UK (sueryder.org).
(9) The lease is subject to a tenant's option to determine on 08/07/2024.
(10) Includes estimated annualised rent paid by New Look, based on the agreed 3% turnover rent, assuming New Look continue to trade throughout the year at similar levels to that reported for the month ending 23rd October 2020. For the month ending 23rd October 2020 New Look reported a turnover of £63,730 at this store.
