Tenancy & Accommodation
Unit |
Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x (gross) |
Reviews/(Reversion) |
1 |
Ground |
Trade Counter/ Ancillary |
473.53 sq m |
(5,097 sq ft) |
SAINT GOBAIN BUILDING DISTRIBUTION LIMITED (1) |
10 years from completion (2) |
£20,275 |
2021 (2026) |
2 |
Ground |
Warehouse (Postal Sorting Office) |
426.80 s q m |
(4,594 sq ft) |
ROYAL MAIL GROUP LIMITED (3) |
10 years from 21/03/2015 |
£17,750 |
21/03/2020 (20/03/2025) (4) |
3 |
Ground |
Warehouse (Postal Sorting Office) |
426.80 s q m |
(4,594 sq ft) |
ROYAL MAIL GROUP LIMITED (3) |
10 years from 21/03/2015 |
£18,750 |
21/03/2020 (20/03/2025) (4) |
Totals |
|
|
1,327.13 sq m |
(14,285 sq ft) |
|
|
£56,775 |
|
(1) Saint-Gobain was founded in 1665 and is present in 66 countries employing over 180,000 people worldwide, including over 17,000 in the UK & Ireland. Saint- Gobain in the UK and Ireland includes some of the best-known and respected companies in the construction sector including: British Gypsum, Jewson, Graham, Weber, Isover, Celotex, Glassolutions, Saint-Gobain PAM, and Ecophon. For the year ending 31st December 2015, Saint Gobain Building Distribution Limited reported a turnover of £693,020,000, pre-tax profits of £30,090,000 and a total net worth of £162,615,000 (Souces: www.saint-gobain.co.uk and Experian Group 20/10/2016).
(2) The lease to Saint Gobain Building Distribution Limited has been agreed but is awaiting completion and will be subject to a tenant break option in Year 5.
(3) For the year ending 27th March 2016 Royal Mail Group Limited reported a turnover of £7,675,000,000, pre-tax profits of £99,000,000 and a total net worth of £3,686,000,000 (Source: Experian Group 02/11/2016).
(4) The lease is subject to a tenant break option on 21st March 2020.