Tenancy & Accommodation
Unit |
Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Review |
19 |
Ground First Second Third |
Retail Ancillary Ancillary Ancillary |
90.38 sq m 27.10 sq m 37.50 sq m 19.20 sq m |
(972 sq ft) (291 sq ft) (403 sq ft) (206 sq ft) |
ALLUM AND SIDAWAY LIMITED t/a Pandora (1) |
10 years from 15/05/2014 until 14/05/2024 (2) |
£35,000 |
|
21 |
Ground First Second Third |
Retail Ancillary Ancillary Ancillary |
97.99 sq m 109.50 sq m 99.60 sq m 50.40 sq m |
(1,054 sq ft) (1,178 sq ft) (1,072 sq ft) (542 sq ft) |
GREGGS PLC t/a Greggs (3) |
10 years from 21/02/2017 until 20/02/2027 (4) |
£38,000 |
21/02/2022 |
Total |
|
|
531.67 sq m |
(5,718 sq ft) |
|
|
£73,000 |
|
(1) Allum and Sidaway is a franchise partner of Pandora. For the year ending 31st January 2019, Allum and Sidaway Limited reported a turnover of £6,170,867, pre-tax profits of £134,096 and a total net worth of £2,917,617 (Source: Experian 04/11/2019). "Pandora's jewellery is sold in more than 100 countries on six continents through more than 7,400 points of sale. Our retail concept includes concept stores, shop-in-shops and multi-brand stores" (Source: pandoragroup.com/ 18/11/2019).
(2) The tenant did NOT exercise their 2019 break option.
(3) For the year ending 31st December 2018, Greggs Plc reported a turnover of £1,029,347,000, pre-tax profits of £82,618,000 and a total net worth of £312,332,000 (Source: Experian 14/11/2019). Greggs was founded 75 years ago and now has over 1,700 Greggs across the UK (Source: www.greggs.co.uk).
(4) The lease provides a tenant option to determine on 20/02/2022.