Tenancy & Accommodation
| No |
Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Review |
| 89a |
Ground
First |
Café
Nightclub |
34.67 sq m
215.91 sq m
(1) |
(373 sq ft)
(2,324 sq ft)
(1) |
IMAGES NIGHTCLUB (PLYMOUTH) LIMITED t/a Images Club & Wine Bar |
10 years from 24/06/2011 until 23/06/2021 (2) |
£10,000 |
24/06/2017 |
| 91 |
Ground |
Retail |
72.55 sq m |
(781 sq ft) |
PANTER AND SON LIMITED (3) t/a Panters Beds & Bedding |
5 years from 25/03/2010 (4) |
£10,000 |
(24/03/2015) |
| 93 |
Ground
First |
Retail/ Ancillary (5)
Nightclub (7) |
181.53 sq m
(5) |
(1,954 sq ft)
(5) |
GRAND METROPOLITAN ESTATES LIMITED (6) |
99 years from 29/09/1958 until 28/09/2057 |
£35,750 |
24/06/2013 and 7 yearly thereafter |
| Totals |
|
|
504.66 sq m |
(5,432 sq ft) |
|
|
£55,750 |
|
(1) The floor areas stated for the first floor of 89a are on a GIA basis.
(2) The lease to Images Nightclub (Plymouth) Ltd contains a tenant’s option to determine on the fifth anniversary of the term subject to 6 months notice.
(3) Panters are a well established and independent retailer trading from units in Exeter, Exmouth and Plymouth. (Source: www.panters.uk.com 18/09/2013)
(4) There is a landlord only option to break at anytime on giving 3 months’ notice.
(5) The floor areas used for 93 Cornwall Street are those stated in the lease. The ground floor is sublet to Huron Services Limited.
(6) For the year ending 30th June 2012, Grand Metropolitan Estates Limited reported a turnover of £1,157,000, pre-tax profits of £14,255,000 and a total net worth of £209,748,000. (Source: www.riskdisk.com 18/09/2013)
(7) The first floor is sublet to Demetrious Ionnides t/a Images Club & Wine Bar, as part of the premises accessed from 89a Cornwall Street.
