Tenancy & Accommodation
Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Reviews |
Ground |
Garden Centre/ Ancillary |
1,600.51 sq m |
(17,228 sq ft) |
WYEVALE GARDEN CENTRES HOLDINGS LIMITED (1) (2) |
20 years from 01/09/2010 until 31/08/2030 on a full insuring and repairing lease |
£130,110 |
RPI linked reviews on 01/09/2020 and 01/09/2025 (3) |
Total
|
1,600.51 sq m |
(17,228 sq ft) |
|
|
£130,110 rising to minimum of £142,640 in 2020 (3) |
|
(1) Set up in 1932, Wyevale is the biggest garden centre retailer in the UK, with over 100 garden centres. Wyevale Garden Centres vision is to become the leading destination for garden, home and leisure (Source: www.wyevalegardencentres.co.uk 17/01/2019).
(2) It is understood that concessions operated within the property include Pets Corner (UK) Limited, Maidenhead Aquatics 4 LLP and Fairy Chic Emporium. We understand that as at November 2017, these produced an income for the tenant of approximately £71,364 p.a. plus turnover rents. Please note, however, that as these concessions do not have a direct relationship with the seller, neither Acuitus nor the seller can offer any warranty with regard to this information and accept no liability for any inaccuracies. Please refer to the legal pack for further information.
(3) Rent reviews are linked to RPI and capped at 3.5% per annum exclusive. Based on the most recent RPI figures, the rent will rise to a minimum £142,640 p.a.x. at the 2020 review.