Tenancy & Accommodation
| Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Reversion |
Ground
Basement
First
Second |
Retail
Ancillary
Ancillary
Ancillary |
153.75 sq m
33.81 sq m
120.30 sq m
131.55 sq m
|
(1,655 sq ft)
(364 sq ft)
(1,295 sq ft)
(1,416 sq ft)
|
DAY LEWIS
PLC (1) on
assignment
from Boots UK
Limited (2) |
15 years and 4
months from
22/03/2005 on a
full repairing and
insuring lease |
£32,765.21 |
21/07/2020 |
Total
|
439.41 sq m |
(4,730 sq ft) |
|
|
£32,765.21 (3) |
|
(1) The Day Lewis Group is an award winning family business, consisting of one of the largest independent pharmacy chains in the UK and Europe. Day Lewis employs over 2,500 people, owning and managing over 300 pharmacies in the UK today, with the management rights to the pharmacy concession in Harrods (Source: www.daylewis.co.uk 18/01/2018). The tenant is not currently in occupation.
(2) Boots UK Limited remain liable by way of an Authorised Guarantee Agreement. For the year ending 31st 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 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 27/04/2018).
(3) The lease provides for 1.5% annual fixed rental increases.
