Tenancy & Accommodation
Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Reversion |
Basement to Third |
Industrial |
5,760.53 sq m |
(62,006 sq ft) |
SPECIALITY FIBRES AND MATERIALS LTD (1) |
10 years from 01/01/2000 until 31/12/2009 |
£140,000 |
Holding over |
Totals |
|
5,760.53 sq m |
(62,006 sq ft) |
|
|
£140,000 (2) |
(1) For the year ending 31st December 2013, Speciality Fibres and Materials Ltd reported a turnover of £7,413,000, pre-tax profits of £1,632,000 and a total net worth of
£5,747,000. (Source: www.riskdisk.com 13/11/2014) SFM, based in Coventry, is staffed by a team of over 50 employees. Over the last three decades, the SFM team has been
responsible for the development and manufacture of some of the most successful advanced wound care products to be launched on to the market. With world leading
expertise and robust, arm’s length support from its parent, L&R, SFM continues to develop product concepts that will improve patient outcome and provide returns for its
partners. (Source: Company Website)
(2)Prior to the expiry of the current lease the tenant was paying a rent of £123,000. A new lease was agreed for a term of 10 years from 01/01/2010 until 31/12/2019. The lease was
not completed but the tenant has been paying an increased rent of £140,000 p.a.x since January 2010. A copy of the draft lease is available within the legal pack.