Tenancy & Accommodation
Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Reviews |
Ground |
Retail/Ancillary |
214.05 sq m |
(2,304 sq ft) |
LADBROKES BETTING & GAMING LIMITED (1) |
10 years from 4th July 2008 |
£39,500 |
– |
Ground (Rear)/First |
Residential |
18 Studio Apartments |
SMART MOVE REAL ESTATE LIMITED |
15 years from 23/02/2015 with tenant’s option to break on 22/02/2020 and 22/02/2025 |
£81,000 (2) |
23/02/2020 and 23/02/2025 (2) |
Ground |
Retail/Ancillary |
92.07 sq m |
(991 sq ft) |
POWER LEISURE BOOKMAKERS LIMITED (3) |
15 years from 18/07/2014 with tenant’s option to break on 17/07/2019 and 17/07/2024 |
£25,000 |
18/07/2019 and 18/07/2024 |
First and Second Floors |
Residential |
7 Studio Apartments |
SMART MOVE REAL ESTATE LIMITED |
15 years from 23/08/2015 |
£33,600 (4) |
23/08/2020 and 23/08/2025 |
Ground/ First |
Retail Tattoo Studio (Sublet) |
150.69 sq m |
(1,622 sq ft) |
R. KUMAR & R.D. KUMAR (t/a Nibbles Newsagents) (5) |
20 years from 29/09/2002 |
£21,500 |
29/09/2017 |
Ground |
Retail |
39.02 sq m |
(420 sq ft) |
H & B SONS LIMITED (t/a Sandwell Travel & Mobile) |
5 years from 05/03/2015 with a tenant option to break on 05/09/2016 (6) |
£16,750 (6) |
– |
Total Commercial Area |
495.83 sq m |
(5,337 sq ft) |
|
|
£217,350 |
(1) For the year ending 31st December 2013, Ladbrokes Betting and Gaming Ltd reported a turnover of £818,578,000, pre-tax profits of £87,693,000 and a total net
worth of £994,620,000. (Source: Experian Group 21/09/2015)
(2)The lease is subject to fixed rental increases to £7,000 p.c.m. (£84,000 p.a.) in 2020 and to £7,500 p.c.m. (£90,000 p.a.) in 2025. The rent stated in the tenancy
schedule is an annualised rent.
(3)For the year ending 31st December 2013, Power Leisure Bookmakers Limited reported a turnover of £814,514,814 and a pre-tax loss of £12,791,679. (Source: Experian Group 29/04/2015)
(4)The tenant pays £2,800 p.c.m. The rent stated in the tenancy schedule is an annualised rent.
(5)We understand that the tenant sublets the first floor to a tattoo studio.
(6) The Vendor holds a rent deposit of £4,187.50. The tenant has the right to renew the lease for a further 5 years.The rent stated in the tenancy schedule is an annualised rent.