Tenancy & Accommodation
| Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Review |
| Ground |
Retail/
Ancillary |
78.55 sq m |
(845 sq ft) |
BLUE CROSS (1) |
10 years from
06/03/2019 (2) |
£18,000 (3) |
06/03/2024 |
| First |
Residential |
2 Bedrooms, Kitchen and Bathroom |
INDIVIDUAL |
AST for one year
from 01/09/2017 |
£6,000 |
|
| Second |
Residential |
2 Bedrooms, Kitchen and Bathroom |
INDIVIDUAL |
AST for one year
from 10/04/2016 |
£5,100 (4) |
|
| Total Commercial Area |
78.55 sq m |
(845 sq ft) |
|
|
£29,100 |
|
(1) For the year ended 31st December 2017, Blue Cross reported no turnover, pre-tax profits of £4,961,000 and a total net worth of £65,604,000 (Source: Experian 26/04/2019). Blue Cross has been helping sick, injured, abandoned and homeless pets since 1897 and cares for around 40,000 pets every year. They currently operate from approximately 54 stores in the UK in locations including Harpenden, Bicester, Shrewsbury, Egham, Farnham, Weybridge, Marlborough and Trowbridge (Source: www.bluecross.org.uk 11/04/2019).
(2) The lease provides for a tenant option to determine at the 5th anniversary of the term.
(3) The tenant is currently benefiting from a 12 month rent-free period due to expire on 5th March 2020. The Vendor has agreed to adjust the completion monies so that the shop effectively produces £18,000 p.a. from completion of the sale until the end of the rent free period.
(4) Rent increase from £4,800 pa to £5,100 pa has been agreed by the tenant but not documented.
