Tenancy & Accommodation
Unit No. |
Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Review |
79a Main Street |
Ground First |
Retail Ancillary |
137.25 sq m 125.67 sq m |
(1,477 sq ft) (1,353 sq ft) |
SPORTSWIFT LIMITED (1) (t/a Card Factory) |
5 years from 17/10/2020 until 16/10/2025 |
£31,500 (2) |
- |
79b Main Street |
Ground First |
Retail Ancillary |
129.15 sq m 128.07 sq m |
(1,390 sq ft) (1,388 sq ft) |
MERKUR SLOTS UK LIMITED (3) (t/a Merkur Slots) |
15 years from 01/03/2021 until 29/02/2036 (4) |
£30,000 (4) |
01/03/2026 & 5 yearly thereafter |
77a & 77b Main Street |
Ground First |
Retail Ancillary |
369.24 sq m 328.93 sq m |
(3,975 sq ft) (3,541 sq ft) |
HERON FOODS LIMITED (5) (t/a Heron Foods) |
5 years from 04/04/2021 until 03/04/2026 |
£47,500 (6) |
- |
Total
|
1,218.32 sq m |
(13,124 sq ft) |
|
|
£109,000 |
|
(1) For the year ending 31/01/2021 Sportswift Limited reported a turnover of £265,024,000, pre tax profits of £-10,866,000 and total shareholders equity of £42,722,000 (NorthRow 08/11/2021). Card Factory was founded in 1997 and now operates from over 1,000 stores in both the UK and Ireland, with new stores opening very year (www.cardfactory.co.uk).
(2) The tenant is paying half rent until 02/06/2022, after which the rent will rise to £31,500 pa. The Seller has agreed to make an allowance from completion of the sale until the expiry of the concessionary rental period-please see Special Conditions of Sale.
(3) The MERKUR Casino UK group operates a number of venues throughout the UK with over 180 Adult Gaming Centres under the MERKUR Slots and MERKUR Cashino brands, 3 Family Entertainment Centres, 3 Bingo clubs and 24 tanning salons (www.merkurcasinouk.com/about).
(4) The lease is subject to a tenant option to determine on 28/02/2026 and 28/02/2031. The tenant is paying a peppercorn rent until 14/01/2022, after which the rent will rise to £30,000 pa. The Seller has agreed to make an allowance from completion of the sale until the expiry of the concessionary rental period-please see Special Conditions of Sale.
(5) For the year ending 27/03/2021, Heron Foods Limited reported a turnover of £434,592,000, pre-tax profits of £11,863,000 and total shareholders equity of £64,886,000 (NorthRow 08/11/2021).
(6) The tenant is currently paying £19,800 per annum for the first year of the term, which means that from the 4th April 2022 the rent will increase to £47,500 per annum. The Seller has agreed to make an allowance from completion of the sale until the expiry of the concessionary rental period-please see Special Conditions of Sale.