Tenancy & Accommodation
|Floor||Site Area ||Tenant||Term||Rent p.a.x||Reviews|
|National Car Parks|
Limited t/a NCP (2)
|34 years and 11 months from|
29/06/2002 until 2037 on a full
repairing and insuring lease (3)
|£127,672||Annual 3% increases|
263.55 sq m
| || ||£127,672 (4)|| |
(2) NCP is the UKs most recognised car park operator with 500 sites providing 150,000 car parking the UK. "NCP have more car parks than anyone else and are socially and ethically responsible. In 2010 we secured 100% of our electricity from green source. Since August 2017, were owned by Park24, a listed Japanese company, and Development Bank of Japan (DBJ). Park24 is the majority owner based in Tokyo and is a major parking operator with 1,043,570 spaces in over 19,000 sites, across 8 countries. DBJ,
co-investor alongside Park24 and a Japanese government-owned financial institution, is a sophisticated private equity investor who also has a strong track record in infrastructure finance." (Source: www.ncp.co.uk) For the period ended 30th September 2018 National Car Parks Limited reported 62,940 customer visits, average number of employees of 1,181 and a Total Turnover of 326,490,000, EBITDAE excluding provision of movements of 25,101,000 and Total Shareholders Funds of 139,922,000.
Park 24 Co. Ltd, the Companys ultimate parent Company has confirmed that it will continue to provide financial support...
(Source: www.beta.companieshouse.gov.uk - 9/06/2020) (see www.park24.co.jp & www.dbj.jp). For further financial information please contact the Auctioneers. (Peter Mayo)
(3) The tenant has an option to extend the lease for a further 20 years
(4) Occupational rent rising from 123,954 per annum on the 29/06/2020 to 127,672 per annum. In addition, NCP pays the Vendors ground rent and all associated costs.