Tenancy & Accommodation
| Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Reviews/(Reversion) |
Ground
Basement
First
Second
|
Retail
Ancillary
Ancillary
Ancillary |
244.50 sq m
41.80 sq m
35.00 sq m
28.40 sq m |
(2,632 sq ft)
(450 sq ft)
(377 sq ft)
(306 sq ft) |
CEX (FRANCHISING)
LIMITED (1)
(with guarantee from CEX
Limited) (2) |
19 years from
24/06/2011 (3) on a
full repairing and
insuring lease |
£60,000 |
25/06/2021
24/06/2026
(23/06/2030) |
| Totals |
|
352.30 sq m |
(3,792 sq ft) |
|
|
£60,000 |
1) CEX was founded in London in 1992 and trades from 326 branches in the UK with other branches in Spain, USA, Ireland, India, Australia, Portugal, Netherlands, Mexico and Poland. (Source: www.webuy.com 05/02/2015) For the year ending 30th June 2015, CEX (Franchising) Limited reported a turnover of £15,670,268, pre-tax profits of £1,787,916 and a total net worth of £4,980,681 (Source: Experian Group 04/02/2016).
(2) For the year ending 30th June 2014, CEX Limited reported a turnover of £119,462,711, pre-tax profits of £137,811 and a total net worth of £173,417. (Source: Experian Group 04/02/2016).
(3) The property was originally let for a term of 10 years from 24th June 2011, expiring on 23rd June 2021 at a rent of £70,000 per annum. By way of a Deed of Variation dated 31st December 2015, the lease was extended so that the lease now expires on 23rd June 2030 (with no breaks) and the rent passing reduced to £60,000 per annum.
N.B. Please note that the adjoining freehold ownership oversails the ground floor of the subject property
