Tenancy & Accommodation
| Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Reversion |
Ground
Basement
First
Second |
Retail
Ancillary
Ancillary
- |
300.26 sq m
40.69 sq m
263.00 sq m
Not measured |
(3,232 sq ft)
(438 sq ft)
(2,831 sq ft) |
BOOTS UK
LIMITED (1) |
10 years from
29/03/2013 (2)
on a full repairing
and insuring lease |
£84,948.39 (3) |
31/03/2023 |
Total
|
603.95 sq m |
(6,501 sq ft) |
|
|
£84,948.39 (3) |
|
(1) For the year ending 31 August 2016, Boots UK Limited reported a turnover of £6,876,000,000, pre-tax profits of £523,000,000 and a total net worth of £1,204,000,000 (Source: Experian Group 17/01/2018). Boots have been in occupation for more than 70 years. Boots is the UK’s leading pharmacy-led health and beauty retailer. With around 2,500 stores in the UK, ranging from local community pharmacies to large destination health and beauty stores. Boots UK is part of the Retail Pharmacy International Division of Walgreens Boots Alliance, Inc, the first global pharmacy-led health and wellbeing enterprise (Source: www.boots-uk.com 17/01/2018).
(2) The lease provides a tenant only option to determine on 31/03/2020.
(3) The lease provides for annual fixed rental increases of 1.5%, the rent will therefore increase to £84,948.39 p.a.x on 01/04/2018. The seller has agreed to adjust the completion monies so that the unit will effectively produce £84,948.39 p.a.x. from completion of the sale.
