Tenancy & Accommodation
| Unit |
Floor |
Use |
Floor Areas
Approx sq m (1) |
Floor Areas
(Approx sq ft) (1) |
Tenant |
Term |
Rent p.a.x. |
Rent Review |
| 1 |
Ground |
Supermarket |
1,315.31 |
(14,158) |
MARKS AND SPENCER PLC
(2) (t/a Marks & Spencer Simply Food) |
7 years from 01/08/2020
expiring on 31/07/2027 (2) |
£122,500 rising to
£132,500 on 01/08/2025 |
- |
| 2 |
Ground |
Retail/Ancillary |
137.03 |
(1,475) |
SAVERS HEALTH AND
BEAUTY LIMITED
(3) (t/a Savers) |
5 years from 09/04/2022
(3) |
£35,000 |
- |
| 3 |
Ground |
Retail/Ancillary |
91.30 |
(982) |
L. MUTCH
(t/a Hallmark Jewellers) |
5 years from 10/01/2019
(Holding Over) |
£16,000 |
- |
| 4 |
Ground |
Retail/Ancillary |
89.50 |
(963) |
UNDER OFFER (4) |
10 years from completion (4) |
£15,000 |
5 yearly |
| 5 |
Ground |
Retail/Ancillary |
56.00 |
(602) |
OXFAM
(5) (t/a Oxfam) |
10 years from 25/03/2019 |
£17,500 |
- |
| 6 |
Ground |
Retail/Ancillary |
111.00 |
(1,194) |
SPECSAVERS OPTICAL
SUPERSTORES LIMITED
(6) (t/a Specsavers) |
5 years from 07/10/2020 |
£18,000 |
- |
| 7 |
Ground |
Retail/Ancillary |
55.00 |
(592) |
T. SOORIYAKUMAR
(t/a Village Newsagent) |
15 years from 15/02/2019 |
£19,000 |
- |
| 8 |
Ground |
Retail/Ancillary |
53.54 |
(576) |
BRITISH HEART FOUNDATION
(7) (t/a British Heart Foundation) |
5 years from 07/01/2020 |
£18,000 |
- |
| 15 |
Ground |
Retail/Ancillary |
30.20 |
(325) |
S. O. MIAH
(t/a N&N Treats) |
5 years from 03/05/2022 |
£8,250 |
- |
| 16 (F&G) |
Ground |
Retail/Ancillary |
50.30 |
(541) |
N. EDMONDSON
(t/a HairNicole) |
5 years from 31/05/2022 |
£9,000 |
- |
| 6a & 6b |
First |
Former Gym/Health Centre |
686.46 |
(7,389) |
VACANT |
- |
- |
|
| Car Park |
Ground |
- |
- |
- |
EXCEL PARKING SERVICES LIMITED
(8) |
10 years from 09/02/2021 (8) |
£69,609 |
09/02/2026 |
| Total |
|
|
2,675.29 |
(28,797) |
|
|
£332,859
rising |
|
(1) Floor areas provided by VOA and EPC register (www.gov.uk/find-business-rates)
(2) A two year lease extension was recently completed to extend the term from 01/09/2025 until 31/07/2027, at an increased rent of £132,500 p.a.x. For the year ending 30/02/2024, Marks and Spencer Plc reported a turnover of £12,896,800,000, a pre-tax profit of £686,600,000 and a net worth of £3,172,400,000 (www.northrow.com). A two year lease extension has been agreed from 01/09/2025 until 31/07/2027, at a rent of £132,500 p.a.x.
(3) For the year ending 30/12/2023, Savers Health and Beauty Limited reported a turnover of £754,828,000, a pre-tax profit of £61,257,000 and a net worth of £8,801,000 (www.northrow.com). The lease is subject to a tenant option to determine on 09/04/2025.
(4) Terms have been agreed and solicitors instructed to let Unit 4 for take-away/restaurant use, for a term of 10 years from completion, with a tenant option to determine at year 5, at a commencing rent of £15,000 per annum.
(5) For the year ending 31/03/2023, Oxfam reported a turnover of £400,600,000, a pre-tax profit of £39,700,000 and a net worth of £127,700,000 (www.northrow.com)
(6) For the year ending 29/02/2024, Specsavers Optical Superstores Limited reported a turnover of £3,741,687,000, a pre-tax profit of £323,660,000 and a net worth of £239,593,000 (www.northrow.com)
(7) For the year ending 31/03/2023, British Heart Foundation reported a turnover of £151,900,000, a pre-tax profit of £7,900,000 and a net worth of £125,600,000 (www.northrow.com)
(8) For the year ending 30/04/2023, Excel Parking Services Limited reported a turnover of £16,158,285, a pre-tax profit of £4,053,082 and a net worth of £15,184,683 (www.northrow.com). The lease is subject to a tenant option to determine on 08/02/2026.
