Tenancy & Accommodation
| Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Reversion |
Ground
First |
Retail
Ancillary |
472.87 sq m
428.28 sq m |
(5,090 sq ft)
(4,610 sq ft) |
MACKAYS STORES LIMITED (1) (2) (t/a M&Co) |
50 years from 26/08/1968 |
£60,000 |
29/09/2018 (3) |
| Totals |
|
901.15 sq m |
(9,700 sq ft) |
|
|
£60,000 |
(1) Part of the property is sublet to Smiths News Trading Limited (t/a WH Smith) at a current subrent of £31,100 p.a. WH Smith have 600 High Street shops and a further 600 outlets in airports and rail stations throughout the UK. (Source: www.whsmith.com 16/06/2015) For the year ending 31st August 2014, Smiths News Trading Limited reported a turnover of £1,522,400,000, pre-tax profits of £43,300,000 and a total net worth of £570,500,000. (Source: www.riskdisk.com 16/06/2016) Further detail can be requested from the auctioneer.
(2)For the year ending 21/02/2014, Mackays Stores Limited reported a turnover of £158,289,000, pre-tax profits of £2,000 and a total net worth of £29,482,000 (Source:www.riskdisk.com 10/06/2015). M&Co trade from almost 300 stores throughout the UK with a staff of 3,500. (Source: www.mandco.com/corporate/our-history.html)
(3)The 29/09/2013 rent review remains outstanding.
