Tenancy & Accommodation
| Unit |
Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Review/
(Reversion) |
| 110 |
Ground
First
Second |
Retail
Ancillary
Ancillary |
159.00 sq m
71.00 sq m
101.80 sq m |
(1,711 sq ft)
(764 sq ft)
(1,096 sq ft) |
BLACKS OUTDOOR
RETAIL LIMITED
t/a Millets (1) |
10 years from
11/09/2017
until
10/09/2027 (2) |
£18,000 |
11/09/2022 |
| 112/114 |
Ground
First |
Retail
Ancillary |
210.67 sq m
83.00 sq m |
(2,267 sq ft)
(893 sq ft) |
BONMARCHE
LIMITED (3) |
Approximately
1 year & 5
months from
10/10/2016 |
£41,725 |
(07/03/2018) |
| Total |
|
625.47 sq m |
(6,731 sq ft) |
|
|
£59,725 |
|
(1) Part of JD Sports Fashion Plc and established in 1861, Blacks is one of the most recognisable outdoor brands on the high streets offering walking and hiking kit, running clothing and more fashion based lines (Source: www.blacks.co.uk 19/09/2017). Millets are the UK's leading retailer of outdoor clothing, footwear and equipment with over 90 UK stores (Source; www.millets.co.uk 22/09/2017).
(2) The lease provides an option to determine on 10/09/2022. The tenant is currently benefitting from a rent free period due to expire on 11/07/2018. The seller has agreed to adjust the completion monies so that the unit will effectively produce £18,000 p.a.x. from completion of the sale.
(3) For the year ending 1st April 2017, Bonmarché Limited reported a turnover of £190,068,000, pre-tax profits of £5,719,000 and a total net worth of £30,077,000 (Source: Experian Group 19/09/2017). The Bonmarché business operates out of 300+ stores across the UK (Source: bonmarcheplc.com 19/09/2017).
