Tenancy & Accommodation
| Unit |
Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Reviews/
(Reversion) |
| 1 |
Ground |
Retail/
Ancillary |
11.80 sq m |
(127 sq ft) |
I-VAPO LIMITED
t/a Phoenix Electronic
Cigarettes (1) |
6 years from
04/12/2015 (2) |
£6,000 |
(03/12/2021) |
| 2 |
Ground |
Retail/
Ancillary |
211.17 sq m |
(2,273 sq ft) |
INDIVIDUAL
t/a Costcutter (3) |
15 years from
06/02/2015 (4) |
£27,000 |
06/02/2020 and
06/02/2025
(05/02/2030) |
| 3 |
Ground |
Retail/
Ancillary |
68.10 sq m |
(733 sq ft) |
WILLIAM HILL
ORGANIZATION
LIMITED (5) |
6 years from
10/05/2016 (6) |
£17,500 |
10/05/2019
(09/05/22) |
Rear
Offices |
Ground/
First |
Offices/
Ancillary |
166.20 sq m |
(1,789 sq ft) |
SOUTH
STAFFORDSHIRE
AND SHROPSHIRE
HEALTHCARE NHS
FOUNDATION TRUST
t/a NHS Market Street
Health Group |
5 years from
01/04/2016 |
£14,757 |
01/04/2019
(31/03/2021) |
Front
Offices |
First |
Offices/
Ancillary |
73.67 sq m |
(793 sq ft) |
VACANT POSSESSION |
|
|
|
| Totals |
|
530.94 sq m |
(5,715 sq ft) |
|
|
£65,257 |
|
(1) As to Unit 1, the tenant has been placed into administration.
(2) As to Unit 1, the lease provides an option to determine on 4th December 2018.
(3) As to unit 2, Costcutter is part of Costcutter Supermarkets Group which is a predominantly franchise business trading under Costcutter, Mace, Simply Fresh, Supershop and Kwiksave throughout the UK (Source: www.costcutter.co.uk 02/03/2018).
(4) As to unit 2, the lease provides for a tenant option to determine on 6th February 2020 and 2025.
(5) As to Unit 3, William Hill employ around 16,000 staff with 2,375 betting offices in the UK. For the year ending 27th December 2016, William Hill Organization Limited reported a turnover of £879,000,000, pre-tax profits of £223,500,000 and a total net worth of negative £710,000,000 (Sources: www.williamhillplc.com and Experian Group 02/03/2018).
(6) As to Unit 3, the lease provides for a tenant option to determine on 9th May 2019.
