Tenancy & Accommodation
Unit |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Review/(Reversion) |
Unit 1 |
Industrial |
116.12 sq m |
(1,250 sq ft) |
AIR PRODUCTS PLC (1) (2) |
25 years from 01/08/1991 |
£11,000 |
01/08/2011 (31/07/2016) |
Unit 2 |
Industrial |
116.12 sq m |
(1,250 sq ft) |
OZONE COURIERS LIMITED |
5 years from 26/04/2010 |
£7,000 (3) |
(25/04/2015) |
Unit 3 |
Industrial |
116.12 sq m |
(1,250 sq ft) |
VACANT POSSESSION |
|
|
|
Unit 4 |
Industrial |
218.32 sq m |
(2,350 sq ft) |
DELTEC INTERNATIONAL COURIER LIMITED (4) |
10 years from 08/11/2004 |
£14,100 |
(07/11/2014) (5) |
Unit 5 |
Industrial |
116.12 sq m |
(1,250 sq ft) |
FARESHARE (6) |
5 years from 24/06/2014 (7) |
£8,020 |
(23/06/2019) |
Unit 6 |
Industrial |
375.32 sq m |
(4,040 sq ft) |
ACADEMY SIGNS LIMITED |
10 years from 01/03/2008 |
£20,200 |
28/02/2013 (28/02/2018) |
Unit 7 |
Industrial |
375.32 sq m |
(4,040 sq ft) |
FARESHARE (6) |
5 years from 24/06/2014 (7) |
£18,517 (8) |
(23/06/2019) |
Unit 8 |
Industrial |
375.32 sq m |
(4,040 sq ft) |
THE JERICHO FOUNDATION |
6 years from 21/06/2014 (9) |
£18,180 |
(20/06/2020) |
Unit 9 |
Industrial |
375.32 sq m |
(4,040 sq ft) |
THE JERICHO FOUNDATION |
3 years from 25/01/2012 |
£18,180 |
(24/01/2015) |
Unit 10 |
Industrial |
375.32 sq m |
(4,040 sq ft) |
VACANT POSSESSION |
|
|
|
Totals |
2,559.45 sq m |
(27,550 sq ft) (10) |
|
|
£115,197 (gross) |
(1) For the year ending 30/09/2013, Air Products PLC reported a turnover of £316,131,000, pre-tax profits of £57,693,000 and a total net worth of £410,621,000. (Source: www.riskdisk.com 12/11/2014)
(2) The tenant has sublet the property to UK Bottled Gas Limited.
(3) The landlord is holding a rent deposit for Unit 2 of £2,056.25.
(4) For the year ending 31/03/2013, Deltec International Courier Limited reported a turnover of £21,834,499, pre-tax profits of £2,927,164 and a total net worth of £4,121,133. (Source: www.riskdisk.com 12/11/2014
(5) The tenant is currently holding over and a new lease is being negotiated.
(6) For the year ending 31/03/2013, Fareshare reported a pre-tax profit of £224,610 and a total net worth of £580,119. (Source: www.riskdisk.com 12/11/2014)
(7) Tenant option to determine on 24 June 2017 following 6 months prior written notice.
(8) The landlord is holding a rent deposit for Unit 7 of £6,060.
(9) Tenant option to determine on 20th June 2016 and 20th June 2018 following 6 months’ prior written notice.