Tenancy & Accommodation
| Unit |
Floor |
Use |
Floor Areas
Approx sq m |
Floor Areas
Approx sq ft |
Tenant |
Term |
Rent p.a.x. |
Rent Review (Reversion) |
| 32 King Street |
Ground
First |
Bar
Ancillary/ Storage
Bar
Ancillary/ Kitchen |
84.05
11.48
146.17
34.10 |
(905)
(123)
(1,573)
(367) |
RAMBLES8 LIMITED with personal guarantees (t/a Maverick's) (1) |
7 years from 15/07/2021 until 13/07/2028 |
£51,000 (2) |
15/07/2025 |
| 34 King Street |
Ground |
Retail |
74.90 |
(806) |
SUBWAY REALTY LIMITED (t/a Subway) (3) |
10 years from 24/05/2014 until 23/05/2024 |
£30,000 |
(23/05/2024) |
| Total Approximate Floor Area |
|
|
350.70 (4) |
(3,774) (4) |
|
|
£81,000 |
|
(1) Maverick's have been in occupation since 2014 and offers a unique combination of a modern Cocktail Bar and Lounge Bar to party until late. Maverick’s also provides a setting for corporate, and special events, private parties and weddings, accommodating up to 300 guests for cocktail receptions or 200 for finger buffets. (Source: https://mavericks80slounge.co.uk/huddersfield/)
(2) Under the terms of the lease, the rent currently reserved is £46,000 per annum exclusive. The rent will increase to £51,000 p.a.x from ??/07/2023. The Seller will pay to the Buyer the difference between the current rent reserved from completion of the sale until ??/07/2023, therefore the property will effectively produce £81,000 p.a.x. from completion of the sale.
(3) The SUBWAY® brand is the world's largest submarine sandwich chain with more than 44,000 locations around the world. (Source: www.subway.com). For the year ending 31st December 2021, Subway Realty Limited (CRN: 04174473) reported a turnover of £42,963,458, a pre-tax profit of £75,356 and a net worth of (£2,599,879). (Source: Companies House 27/04/2023)
(4) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
