Tenancy & Accommodation
| Unit |
Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Review/
(Reversion) |
| 28-30 |
Ground
First
Second |
Retail/Ancillary
Ancillary
Ancillary |
173.91 sq m
264.40 sq m
100.15 sq m |
(1,872 sq ft)
(2,846 sq ft)
(1,078 sq ft) |
SPORTSDIRECT.
COM RETAIL
LIMITED (1)
t/a Sports Direct |
10 years from 17/09/2012 |
£55,000 |
(16/09/2022) |
| 32 |
Ground |
Retail/Ancillary |
138.52 sq m |
(1,491 sq ft) |
FORT WILLIAM
FOOD CONCEPT
SITE 1 LIMITED
with guarantee (2)
t/a Café Ecosse |
10 years from 03/08/2015
(3) |
£30,000 (4)
(5) |
03/08/2020
(02/08/2025) |
| Total |
|
676.98 sq m |
(7,287 sq ft) |
|
|
£85,000 (4) |
|
(1) For the year ending 30th April 2017, Sportsdirect.com Retail Limited reported a turnover of £2,220,022,000, pre-tax profits of £177,097,000 and a total net worth of £1,273,500,000 (Source: Experian Group 25/4/2018).
(2) The property has been sublet.
(3) The lease is subject to a tenant option to determine on 3rd August 2020 subject to six months’ prior written notice.
(4) The lease provides for fixed increases in rent. The current rent is £27,000 p.a.x. rising to £28,000 p.a.x. on 03/08/2018 and £30,000 p.a.x. on 03/08/2019. The seller has agreed to adjust the completion monies so that the unit will effectively produce £30,000 p.a.x. from
completion of the sale. Additionally, the lease provides for an open market rent review on 03/08/2020.
(5) The seller is holding a £7,500 rent deposit.
