Tenancy & Accommodation
| Address |
Floor |
Use |
Floor Areas
Approx sq m |
Floor Areas
Approx sq ft |
Tenant |
Term |
Rent p.a.x. |
Rent Review |
| 35-37 High Street |
Ground
Lower Ground
First
Second |
Restaurant
Restaurant
Restaurant
Ancillary |
202.20
174.40
180.50
104.00 |
(2,176)
(1,877)
(1,942)
(1,119) |
MCDONALD'S RESTAURANTS
LIMITED (1) |
15 years from 25/12/2018
(3) |
£117,500 |
25/12/2023
and 5 yearly |
| 7 Trinity Square |
Ground |
Retail |
99.10 |
(1,066) |
CLAIRE'S ACCESSORIES
UK LIMITED (2) |
10 years from 25/12/2009
(Holding Over)
(4) |
£78,000 |
|
| 7A Trinity Square |
Flat 1 |
2 Bedroom Flat |
49.00 |
(527) |
INDIVIDUAL |
1 year AST from 25/05/2023 |
£10,260 |
|
| 7A Trinity Square |
Flat 2 |
2 Bedroom Flat |
50.00 |
(538) |
INDIVIDUAL |
1 year AST extension from 15/08/2023 |
£10,200 |
|
| 7A Trinity Square |
Flat 3 |
2 Bedroom Flat |
47.00 |
(505) |
INDIVIDUAL |
Rolling monthly contract |
£8,160
(5) |
|
| 7A Trinity Square |
Flat 4 |
1 Bedroom Flat |
49.00 |
(527) |
INDIVIDUAL |
1 year AST from 06/11/2022 |
£8,400 |
|
Total Approximate
Floor Area |
|
|
955.20 |
(10,277)
(6) |
|
|
£232,520
(4) |
|
(1) For the year ending 31/12/2021 McDonalds Restaurants Limited reported a Turnover of £1,500,141,000 a Pre-Tax Profit of £163,295,000 and a Net Worth of £797,555,000 (NorthRow 08/06/2023). McDonalds is the worlds best known fast food restaurant trading from over 40,000 locations worldwide (www.mcdonalds.com).
(2) For the year ending 29/01/2022 Claire's Accessories UK Limited reported a Turnover of £113,780,000 a Pre-Tax Profit of negative £12,355,000 and a Net Worth of £11,773,000 (NorthRow 08/06/2023). Claire’s is a global brand powerhouse for self-expression, creating exclusive, curated and fun fashionable jewellery and accessories, and offering world-leading piercing services operating from 2,300 Claire’s stores in 17 countries throughout North America and Europe (www.claires.com).
(3) The lease provides for a tenant option to determine the lease on 24/12/2028.
(4) As to the ground floor retail unit at 7 Trinity Square, a new lease has been agreed for a term of 5 years and a passing rent of £45,000 p.a.x. It is anticipated that the lease will be completed prior to the auction. Full information will be available within the legal pack.
(5) As to Flat C, the rent has been annualised, the tenant is on a rolling monthly contract at a rent of £680 per month.
(6) The commercial floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
