Tenancy & Accommodation
| Unit |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x. |
Review/(Reversion) |
| A1 |
Industrial |
172.98 sq m |
(1,862 sq ft) |
SUBARU 4 YOU LTD |
6 years from 01/07/2012 (1) (9) |
£14,000 |
(30/05/2018) |
| A2 |
Industrial |
171.12 sq m |
(1,842 sq ft) |
SUBARU 4 YOU LTD |
6 years from 01/07/2012 (9) |
£14,000 |
(30/05/2018) |
| A3 |
Industrial |
174.00 sq m |
(1,873 sq ft) |
ONE STOP SERVICE CENTRES LTD |
From 22/08/2011 until 31/12/2027 (2) (9) (11) |
£14,000 |
22/08/2016,
2021 & 2026 |
| A4 |
Industrial |
164.90 sq m |
(1,775 sq ft) |
EYRE & ELLISTON LTD (3) |
10 years from 19/04/2014 until 2024 (12) |
£14,000 |
19/04/2019 |
| A5 |
Industrial |
173.35 sq m |
(1,866 sq ft) |
PET REBELLION LIMITED |
5 years from 01/07/2012 (9) (10) (11) |
£9,000 |
(30/06/2017) |
| A6 |
Industrial |
174.19 sq m |
(1,875 sq ft) |
NEWBURY MOTORS LIMITED |
15 years from 01/07/2009 until 2024 (4) (9) |
£14,000 |
01/07/2019 |
| A7 & A9 |
Industrial |
173.54 sq m
127.27 sq m |
(1,868 sq ft)
(1,370 sq ft) |
ENTERPRISE RENT-A-CAR UK LTD (5) |
10 years from 25/11/2008 (6) (9) |
£26,372.75 |
(24/11/2018) |
| A8 |
Industrial |
174.19 sq m |
(1,875 sq ft) |
GEO NETWORKS LIMITED (formerly Hutchinson Network Services UK Limited) (7) |
20 years from 07/12/2007 until
06/12/2027 (8) (9) |
£14,000 |
07/12/2017 & 07/12/2022 |
| Totals |
|
1,505.54 sq m |
(16,206 sq ft) |
|
|
£119,372.75 |
|
(1) As to unit A1, the tenant has served notice to exercise their option to determine the lease on 1st July 2015.
(2) As to unit A3, the lease provides for mutual options to determine on 24th December 2018, 2021 and 2024.
(3) As to unit A4, for the year ending 30th September 2013, Eyre & Elliston Ltd reported a turnover of £59,203,794, pre-tax profits of £1,769,815 and a total net
worth of £17,514,982. (Source www.riskdisk.com 13/04/2015). The lease provides for a tenant option to determine the lease on 19th April 2019. If the option is not exercised the tenant will benefit from a 2 month rent free period.
(4) As to Unit A6, the lease provides for a mutual option to determine on 25th November 2018.
(5) As to Unit A7, for the year ending 31st July 2013, Enterprise Rent-A-Car UK Limited reported a turnover of £457,177,000, pre-tax profits of £17,984,000 and a total net worth of £158,415,000. (Source www.riskdisk.com 13/04/2015).
(6) As to Unit A7 and A9, the lease provides for a tenant option to determine at any time upon six months’ notice after 24th November 2011.
(7) As to Unit A8, for the year ending 31st December 2013, Hutchinson UK Ltd reported a turnover of £1,661,000, pre-tax profits of £601,000 and a total net worth of £230,000. (Source www.riskdisk.com 13/04/2015).
(8) As to Unit A8, the lease provides for a Landlord’s option to determine for redevelopment only on 7th December 2017 on giving 18 months’ notice.
(9) As to Units A1, A2, A3, A5, A6, A7, A8 and A9, the leases are outside of the Security of Tenure Provisions of the Landlord and Tenant Act 1954.
(10) As to Unit A5, the tenant has served a notice to determine the lease on 1st July 2015.
(11) The lease is subject to a schedule of condition.
(12) As to Unit A4, the lease provides for an option to determine the lease on 19th April 2019.
