Tenancy & Accommodation
| |
Floor |
Use |
Floor Areas
(Approx) |
Tenant |
Term |
Rent p.a.x |
| 52 |
Ground
First |
Retail
Ancillary |
122.20 sq m
55.90 sq m |
(1,315 sq ft)
(602 sq ft) |
COOPLAND & SON
(SCARBOROUGH)
LIMITED (1) |
Approximately 5
years and 4 months
from 15/08/2017 until
24/12/2022 |
£18,500 |
| 53 |
Ground
First
Second |
Retail
Ancillary
Ancillary |
138.80 sq m
124.90 sq m
64.90 sq m |
(1,494 sq ft)
(1,344 sq ft)
(699 sq ft) |
L W GROUP LIMITED
(t/a LW Plants & Design) |
3 years from
28/08/2020 until
27/08/2023 |
£14,000 (3) |
(1) For the year ending 31/03/2019, Coopland & Son (Scarborough) Limited reported a turnover of £50,172,831, pre-tax profits of £917,298 and total assets of £17,963,707 (NorthRow 17/11/2020). Coopland & Son operate from 166 locations across the UK (www.cooplands-bakery.co.uk).
(2) www.lwplants.com
(3) Under the terms of the lease, the tenant pays a peppercorn rent until 27/08/2021, rising to £7,000 pa on 28/08/2021 and £14,000 pa on 28/08/2022. The Vendor has agreed to adjust the completion monies, so that the property effectively produces £14,000 pa from completion of the sale until the fixed rental increase in 28/08/2022. A rent deposit of £3,500 + VAT is held by the Seller.
