Tenancy & Accommodation
| Unit |
Floor |
Floor Areas
(Approx) |
Tenant |
Term |
Rent p.a.x |
Review |
| 71 |
GF, FF, SF |
725.00 sq m |
(7,804 sq ft) |
SUNRISE RECORDS
AND ENTERTAINMENT
LIMITED T/A HMV (2) |
10.5 years from
01/07/2013 until
31/01/2024 (1) |
£90,000 |
15/05/2023 |
| 75 |
GF, FF, SF |
649.75 sq m |
(6,994 sq ft) |
HOLLAND & BARRETT
RETAIL LIMITED (4) |
Term 10 years from
14/01/2019 until
13/01/2029 (3) |
£65,000 |
07/01/2024 |
Total
|
1,374.75 sq m |
(14,798 sq ft) |
|
|
£155,000 |
|
(1) There is a mutual break option on 31st January 2022, exercisable on 3 months prior written notice, and the tenant will pay rent monthly.
(2) For the year to 30/05/2020, Sunrise Records and Entertainment Limited reported a turnover of £187,932,000, of negative £198,000 and shareholder funds of £41,000 (Source: NorthRow 10/05/2021). The Canadian music company Sunrise Records & Entertainment Limited acquired HMV in 2019.
(3) Tenant only break option on 14th January 2024 on 6 months prior written notice. The Rent will also be reviewed on this date to the higher of the passing rent and OMR.
(4) For the year to 30/09/2020, Holland & Barrett Retail Limited reported a turnover of £413,639,000, a pre tax profit of £5,749,000 and have a net worth of £307,466,000. Holland & Barrett is a chain of health food shops with over 1,300 stores in 16 countries, including a substantial presence in the United Kingdom. The company employs over 5,000 people.
