Tenancy & Accommodation
| Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Reviews |
Ground
First |
Retail
Offices |
142.03 sq m
94.70 sq m |
(1,528 sq ft)
(1,019 sq ft) |
CORAL RACING
LIMITED (t/a Coral) (1) (2) |
16 years from 03/02/2011
until 02/02/2027 on a full
repairing and insuring lease
|
£53,500 |
24/06/2016 and
24/06/2021 (3)
|
| Totals |
236.73 sq m |
(2,547 sq ft) |
|
|
£53,500 (3) |
|
(1) Coral Racing Limited, the third largest bookmakers in the UK, is the principal trading company behind the Gala Coral Group. The Group operates almost 1,634 licensed betting offices, 144 bingo clubs, 27 casinos, 2 greyhound stadia, a UK telephone betting business and an online gambling business employing over 19,000 people across its trading divisions. (Source: www.galacoral.co.uk 14/04/2011)
(2) The first floor is currently sublet to Liam Fitzgerald Dentist Surgery and is used as a dental practice. (Source: www.thamedentalpractice.com 14/04/2011)
(3) Under the terms of the lease, the rent will be reviewed to the higher of open market rental value or 2.5% per annum compound. Therefore the minimum fixed rental increases will be £60,905 p.a.x. in 2016 and £68,908 p.a.x. in 2021.
