Tenancy & Accommodation
Unit |
Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Review/(Reversion) |
1 |
Ground |
Retail/Ancillary |
11.80 sq m |
(127 sq ft) |
I-VAPO LIMITED t/a Phoenix Electronic Cigarettes (1) |
6 years from 04/12/2015 (2) |
£6,000 |
(03/12/2021) |
2 |
Ground |
Retail/Ancillary |
211.17 sq m |
(2,273 sq ft) |
INDIVIDUAL t/a Costcutter (3) |
15 years from 06/02/2015 (4) |
£27,000 |
06/02/2020 and 06/02/2025 (05/02/2030) |
3 |
Ground |
Retail/Ancillary |
68.10 sq m |
(733 sq ft) |
WILLIAM HILL ORGANIZATION LIMITED (5) |
6 years from 10/05/2016 |
£17,500 |
(09/05/2022) |
Rear Offices |
Ground/First |
Offices/Ancillary |
166.20 sq m |
(1,789 sq ft) |
SOUTH STAFFORDSHIRE AND SHROPSHIRE HEALTHCARE NHS FO UNDATION TRUST t/a NHS Market Street Health Group |
5 years from 01/04/2016 (6) |
£14,757 |
01/04/2019 (31/03/2021) |
Front Offices |
First |
Offices/Ancillary |
73.67 sq m |
(793 sq ft) |
VACANT |
|
|
|
Totals |
|
|
530.94 sq m |
(5,715 sq ft) |
|
|
£65,257 |
|
(1) Phoenix Electronic Cigarettes trade from around 28 other shops in the UK (Source: www.phoenixliquids.co.uk 13/09/2016).
(2) The lease provides an option to determine on 4th December 2018.
(3) Costcutter is part of Costcutter Supermarkets Group which is a predominantly franchise business with over 2,500 convenience stores, trading under Costcutter, Mace, kwiksave and Supershop, throughout the UK and Republic of Ireland. (Source: www.costcutter.co.uk 16/09/2016)
(4) The lease provides for a tenant option to determine on 6th February 2018 and 6th February 2023.
(5) William Hill employ around 16,000 staff with 2,371 betting offices in the UK. For the year ending 29th December 2015, William Hill Organization Limited reported a turnover of £873,900,000, pre-tax profits of £246,400,000 and a total net worth of £625,000,000 (Sources: www.williamhillplc.com and Experian Group 12/09/2016).
(6) The lease is due to complete imminently and provides an option to determine on the 3rd anniversary of the term.