Tenancy & Accommodation
| Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Reviews |
Ground
First |
Retail/Ancillary
Ancillary |
446.40 sq m
218.10 sq m |
(4,805 sq ft)
(2,348 sq ft) |
BAMPTON PROPERTY
GROUP LIMITED (THE) (1) (2) |
99 years from 28/02/1962 until 28/02/2061 on a full repairing and insuring lease |
£19,314 (3) |
10/10/2004 (4) and every 21 years |
| Totals |
|
664.50 sq m |
(7,153 sq ft) |
|
|
£19,314 |
(1) Bampton Property Group Limited were incorporated in 1960 and for the year ending 31/03/2014 reported a turnover of £5,804,309, pre-tax profits of £2,426,754 and a total net worth of £80,390,949. Daejan Holdings plc is the ultimate holding company. (Source: www.experian.co.uk 14/09/2015).
(2)We understand that the property has been sublet to Heron Foods Limited. Heron Foods Ltd was incorporated in 1978 and operates from some 235 outlets nationally. For the year ending 28th December 2013, Heron Foods Ltd reported a turnover of £249,688,954, pre-tax profits of £2,301,042 and a total net worth of £26,419,497. (Source: www.experian.co.uk 15/09/2015).
(3)The rent is geared to 5/6 of the aggregate yearly rent received by the tenant or 5/6 of fair rack rental value. Please see a copy of the lease in the legal pack for details.
(4)The lease provides for the rent to be reviewed every 21 years. The 2004 rent review remains outstanding.
