Tenancy & Accommodation
| Address |
Floor |
Use |
Floor Areas
Approx sq m |
Floor Areas
Approx sq ft |
Tenant |
Term |
Rent p.a.x. |
Rent Review |
| 13-17 Milton Street |
Ground
Basement
First |
Restaurant
Ancillary
Restaurant |
153.70
110.00
161.90 |
(1,654)
(1,184)
(1,743) |
BISTROT PIERRE 1994 LIMITED (CRN 126 98262) (1) |
20 years from 06/11/2013 until 2033
(2) |
£73,000 |
06/11/2023 |
| 19 Milton Street |
Second |
Offices |
298.30 |
(3,211) |
BISTROT PIERRE 1994 LIMITED (CRN 126 98262) (1) |
5 years from 02/01/2020 until 2025 |
£23,625 |
01/01/2025 |
| 19 Milton Street |
Third
Fourth |
Offices
Offices |
299.30
104.00 |
(3,222)
(1,120) |
BISTROT PIERRE 1994 LIMITED (CRN 126 98262) (1) |
3 years from 14/04/2022 until 01/01/2025 |
£20,000 |
02/01/2025 |
| 21 Milton Street |
Ground
Basement |
Retail
Ancillary |
29.00
26.30 |
(316)
(283) |
INDIVIDUAL (t/a Hari's News) |
5 years from 01/08/2021 until 2026 |
£16,650 |
01/08/2024 |
| 23-25 Milton Street |
Ground
Basement
First |
Restaurant
Ancillary
Restaurant |
135.90
136.80
101.60 |
(1,463)
(1,473)
(1,094) |
GASTRONOMY RESTAURANTS LIMITED (CRN:10693377) on assignment and with an Authorised Guarantee Agreement from KENTUCKY FRIED CHICKEN (GREAT BRITAIN) LIMITED (CRN 00967403)
(t/a KFC) (3) |
25 years from 25/03/2013 until 2038 (4) |
£77,000 |
25/03/2028 |
| Total Approximate Floor Area |
|
|
1,557.30 |
(16,763) |
|
|
£210,275 |
|
(1) Bistro Pierre 1994 Limited (CRN 12698262) is a restaurant chain specialising in traditional French cuisine. They trade from 18 other locations including Birmingham, Eastbourne, Leamington Spa and Stratford-upon-Avon (www.bistrotpierre.co.uk)
(2) As to 13-17 Milton Street, the lease provides for a tenant option to extend the lease at the end of the term.
(3) Gastronomy Restaurants Limited is a KFC Franchisee. For the year ending 24/12/2022, Gastronomy Restaurants Limited (CRN:10693377) reported a turnover of £50,628,277, a pre-tax profit of £201,488 and a net worth of £4,456,191 (Northrow Company Report 25/01/2024). KFC is a large fast food chain with more than 23,000 restaurants in over 135 countries and territories around the world. (www.kfc.com). For the year ending 25/12/2022, Kentucky Fried Chicken (Great Britain) Limited (CRN 00967403) reported a turnover of £284,274,000, a pre-tax profit of £89,927,000 and a net worth of £330,478,000 (Northrow Company Report).
(4) As to 23-25 Milton Street, the lease provides for a tenant option to determine the lease in March 2028 and March 2033. The tenant has an additional lease over an area on part of the ground floor that is used as ancillary accommodation.
