Tenancy & Accommodation
| Unit |
Floor |
Use |
Floor Areas
(Approx) |
Tenant |
Term |
Rent p.a.x |
Review |
66 Oxford
Street |
Ground
First
Second
Third |
Bank |
208.80 sq m
183.10 sq m
107.40 sq m
100.00 sq m |
(2,247 sq ft)
(1,971 sq ft)
(1,156 sq ft)
(1,076 sq ft) |
BARCLAYS
BANK PLC (1) |
20 years from
22/06/2006 until
21/06/2026 (4) |
£40,000 |
25/03/2023 |
1 Exchange
Street |
Ground
First |
Café |
103.40 sq m
104.45 sq m
|
(1,114 sq ft)
(1,124 sq ft) |
WELLAND
RETAIL LIMITED
t/a Rees Café |
6 years from
12/02/2019 until
11/02/2025 (2) |
£15,000 |
|
Total
|
807.15 sq m |
(8,688 sq ft) (3) |
|
|
£55,000 |
|
(1) For the year ending 31st December 2019, Barclays Bank Plc reported a turnover of £20,321,000,000, a pre-tax profit of £3,112,000,000 and shareholder funds of £50,615,000,000 (Source: NorthRow 18/05/2021).
(2) As to the 1 Exchange Street, the lease provides for a tenant option to determine the lease on 12/02/2022. The tenant has verbally indicated that they would like to assign the lease, but no formal application has been made.
(3) The floor areas stated above have been taken from the Valuation Office Agency website. www.voa.gov.uk
(4) As to the lease to Barclays Bank plc the Seller has served an interim schedule of dilapidations, a copy of which is available in he Legal Pack.
