Tenancy & Accommodation
| Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Reviews |
Ground
Basement |
Retail
Ancillary
|
148.55 sq m
40.04 sq m |
(1,599 sq ft)
(431 sq ft)
|
CATH KIDSTON
LIMITED (1)
|
10 years from 28/02/2011
until 27/02/2021 on a full
repairing and insuring lease |
£165,000 |
28/02/2016
|
| Totals |
|
188.59 sq m |
(2,030 sq ft) |
|
|
£165,000 |
|
(1) For the year ending 28th March 2010, Cath Kidston Limited reported a turnover of £50,369,000, pre-tax profits of £7,632,000 and a total net worth of £9,156,000. (Source: www.riskdisk.com 27/05/2011) Founded in 1993 with a shop in London's Holland Park, Cath Kidston now trades from 41 shops and concessions across the UK, two shops in the Republic of Ireland, eleven in Japan and three in Korea. The most recent shop openings include Cardiff and Canterbury. Cath Kidston Ltd is one of the most influential design companies to emerge from the UK. Global private equity firm TA Associates recently acquired a majority stake in the company to support the business in its future growth. TA Associates is one of the oldest and largest private equity firms in the world. Cath Kidston remains Creative Director of Cath Kidston Limited and was awarded an MBE for services to business in February 2010 as part of the Queen's New Year Honours List. (Source: www.cathkidston.co.uk)
(2) Under the terms of the lease the tenant currently benefits from a rent free period which will expire on 27th November 2011. The seller has agreed to top-up the rent so that the property will effectively produce £165,000 p.a.x. from completion of the sale until the expiry of the rent free period.
