Tenancy & Accommodation
Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Review |
Ground First (rear) |
Retail Ancillary |
211.35 sq m 22.76 sq m |
(2,275 sq ft) (245 sq ft) |
SPECSAVERS OPTICAL SUPERSTORES LIMITED (1) |
10 years from 09/03/2016 until 08/03/2026 on a full repairing and insuring lease |
£45,000 (3) |
09/03/2021 |
First (front) |
Residential |
2 x One Bedroom Flat |
VACANT POSSESSION (2) |
|
|
|
Total Commercial Area: |
234.11 sq m |
(2,520 sq ft) |
|
|
£45,000 (3) |
|
(1) For the year ending 28th February 2017, Specsavers Optical Superstores Limited reported a turnover of £716,509,000, pre-tax profits of £32,772,000 and a total net worth of £54,000,000 (Source: Experian Group 26/04/2018). Specsavers is a partnership of nearly 2,000 locally-run businesses, committed to delivering high quality, affordable optical and hearing care in the communities they serve with a network of over 700 stores throughout the UK (Source: www.specsavers.co.uk).
(2) There is currently no access to residential flats.
(3) The current passing rent is £25,000 p.a.x. The 2021 rent review provides a minimum rental uplift to £45,000 p.a.x. or open market value, whichever is the greater. The seller has agreed to adjust the completion monies so the sale will effectively produce £45,000 p.a.x from the completion of the sale.