Tenancy & Accommodation
| Unit |
Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Reversion
|
174
Commercial
Street
|
Ground
|
Retail/
Ancillary
|
165.70 sq m
|
(1,784 sq ft)
|
SANTANDER UK PLC (1) (2)
|
9 years from
25/03/2010
|
£119,500
|
25/03/2019
|
175
Commercial
Street
|
Ground
First
|
Retail/Ancillary Ancillary
|
97.20 sq m 55.40 sq m
|
(1,046 sq ft) (596 sq ft)
|
TUI UK RETAIL LIMITED (3)
t/a Thomson
|
10 years
from
27/05/2011
|
£35,000
|
26/05/2021
|
Unit 3
Westgate
Buildings
|
Ground
First
|
Retail/Ancillary Ancillary
|
11.20 sq m 208.60 sq m
|
(121 sq ft) (2,245 sq ft)
|
BROOK STREET (UK) LIMITED (4)
|
5 years from
13/11/2016
(5)
|
£17,000 (6)
|
12/11/2021
|
Units 4-5
Westgate
Buildings
|
Ground
First
|
Retail/Ancillary Ancillary
|
540.20 sq m 224.80 sq m
|
(5,815 sq ft) (2,420 sq ft)
|
POUNDWORLD RETAIL LIMITED
(7)
|
10 years
from
19/10/2015
(8)
|
£80,000
|
18/10/2025
|
Unit 7a
Westgate
Buildings
|
Ground
Lower Ground
|
Retail/Ancillary Ancillary
|
127.50 sq m 84.40 sq m
|
(1,372 sq ft) (908 sq ft)
|
VACANT
|
|
|
|
Unit 7b
Westgate
Buildings
|
Ground
Lower Ground
|
Retail/Ancillary Ancillary
|
46.30 sq m 24.40 sq m
|
(498 sq ft) (263 sq ft)
|
INFINITY MIST LIMITED
|
5 years from
18/02/2016
|
£19,500
|
17/02/2021
|
Unit 6
Westgate
Buildings
|
Entrance,
Ground, First,
Second, Third,
Fourth and
Fifth
|
Former Hotel
|
Not measured
|
GLN
PROPERTIES
LIMITED
|
999 years
from
13/08/2012
|
Peppercorn
|
12/08/3011
|
Sub-station
|
|
|
|
|
WESTERN
POWER
DISTRIBUTION
(SOUTH WALES)
PLC
|
25 years
from
25/03/2001
|
Peppercorn
|
24/03/2026
|
Total Commercial
|
|
1,585.70 sq m
|
(17,068 sq ft)
|
|
|
£271,000
|
|
(1) For the year ending 31st December 2017, Santander UK Plc reported pre-tax profits of £1,917,000,000 and a total net worth of £13,618,000,000 (Source: Experian Group 26/04/2017).
(2) The tenant is not currently in occupation.
(3) For the year ending 30th September 2015, TUI UK Retail Limited reported a turnover of £199,000,000, pre-tax profits of £8,000,000 and a total net worth of £8,000,000 (Source: Experian Group 21/04/2017).
(4) For the year ending 31st December 2015, Brook Street (UK) Limited reported a turnover of £260,776,000, pre-tax profits of £1,960,000 and a total net worth of
£45,318,000 (Source: Experian Group 21/04/2017).
(5) The lease is subject to a tenant option to determine on 13th November 2017 and annually thereafter. Should the tenant exercise their option to determine at the end of year one a nine month rent penalty is due, at the end of year two a six month rent penalty is due, at the end of year three a five month rent penalty is due, and at the end of year four a three month rent penalty is due.
(6) The tenant is currently benefiting from a rent free period due to expire 12th November 2017. The seller has agreed to adjust the completion monies so that the unit will produce £17,000 p.a.x. from completion of the sale.
(7) Poundworld is a leading value variety retail business with over 350 stores and 7,000 employees across the United Kingdom (www.poundworld.co.uk).
(8) The lease is subject to a tenant option to determine on 18th October 2020. Should the tenant exercise their option, a £20,000 break penalty is payable.
