Tenancy & Accommodation
| Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Reviews |
Ground
Ground
First |
Trade Counter
Offices/Storage/Ancillary
Offices/Storage/Ancillary
|
1,402.10 sq m
88.06 sq m
88.06 sq m |
(15,109 sq ft)
(949 sq ft)
(949 sq ft)
|
WOLSELEY UK
LTD (1)
|
15 years from 18/01/2007
until 2022 (2) |
£77,286 rising
to £85,330 pax
in 2017 (3) |
16/01/2017
|
| |
| Totals |
|
1,578.22 sq m |
(17,007 sq ft) |
|
|
£77,286 |
|
(1) Wolseley UK Ltd is a FTSE 100 Company and is the UK operating subsidiary of Wolseley PLC, one of the largest distributors of building
products globally. For the half year ending 31st January 2011 Wolseley PLC reported a revenue of £6,629,000,000 and a pre tax profit of
£195,000,000 (Source: www.wolseley.com). Wolseley operates from over 1000 branches in the UK and trade under the following brands;
Plumb Center, Drain Center, Climate Center and Parts Center (Source: www.wolseley.com). For the half year ending 31st January 2011
Wolseley UK Ltd reported a pre tax profit of £37,000,000 (Source: www.wolseley.com) and for the year ending 31st July 2011 Wolseley
UK Ltd reported a turnover of £1,906,668,000 a pre tax profit of £1,987,000 and a total net worth of £945,541,000. (Source:
www.riskdisk.co.uk 12/01/2012)
(2)At the expiry of the current lease, the tenant has an option to renew the lease, at open market value, for a new 15 year lease on similar
term to the original lease.
(3)Under the terms of the lease there will be a fixed rental increase to £85,330 pax equivalent to 2% per annum compound.
