Tenancy & Accommodation
| Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Reviews |
Ground
First
Second
|
Reception/Bar/Kitchen
Bar/Kitchen
Storage |
712.13 sq m
678.26 sq m
704.89 sq m |
(7,665 sq ft)
(7,301 sq ft)
(7,587 sq ft) |
ELDRIDGE POPE & CO PLCon assignment from TescoStores Limited and PrimarkStores Limited (1) (2) (3) (4) |
99 years from 26/02/1971
until 25/02/2070
|
£115,200 |
26/02/2013 and
14 yearly thereafter
(5) |
| Totals |
|
2,095.29 sq m |
(22,553 sq ft) |
|
|
£115,200 |
(1) Eldridge Pope & Co Limited are a subsidiary of Marstons plc. For the year ending 1st October 2011, Marstons plc reported a turnover of £682,200,000, pre-tax profits of £80,800,000 and a total net worth of £568,800,000. (Source: www.riskdisk.com 13/06/2012)
(2) The lease is pre– 1996 and therefore Tesco Stores Limited remains liable as original tenant due to privity of contract. Primark Stores Limited is also liable under privity until the end of the term
(3) For the year ending 26th February 2011, Tesco Stores Ltd reported a turnover of £40,149,000, pre-tax profits of £2,243,000,000 and a net worth of £6,954,000,000. For the year ending 18th September 2010, Primark Stores Limited reported a turnover of £1,985,735,000, pre-tax profits of £191,905,000 and a net worth of £220,531,000. (Source: www.riskdisk.com 15/06/2012)
(4) The tenant is not currently in occupation.
(5) The rent is reviewed to the higher of passing rent or 72% of the open market rent.
