Tenancy & Accommodation
| Unit |
Floor |
Use |
Floor Areas
(Approx) |
Tenant |
Term |
Rent p.a.x |
Review/
(Reversion) |
| 7/8 |
Ground
First |
Retail
Ancillary |
96.50 sq m 84.50 sq m |
(1,039 sq ft) (910 sq ft) |
EE LIMITED (1) |
10 years from
28/11/2011 |
£40,000 |
(27/11/2021) |
| 9 |
Ground
Mezzanine |
Retail
Storage |
89.10 sq m 8.40 sq m |
(959 sq ft) (90 sq ft) |
SALTROCK
SURFWARE
LIMITED guarenteed
by Crew Clothing co.
Limited (2) |
5 years from
03/05/2019 (3) |
£31,000 |
Fixed increases
of £1000 per
annum (4)
(02/05/2024) |
First
Floor 9 |
First |
Retail |
115.00 sq m |
(1,237 sq ft) |
INDIVIDUALS t/a
Janelli Hair & Beauty |
7 years from
11/02/2013 until
10/03/2020 |
£4,500 |
Holding Over |
Total
|
393.50 sq m |
(3,060 sq ft) |
|
|
£75,500 |
|
(1) For the year ending 31st March 2019, EE limited reported a turnover of 7,149,000,000, a pre-tax profit of 1,440,000,000 and total assets of 8,590,000,000 (Source: SmartSearch 02/06/2020).
(2) Saltrock Surfware Ltd were incorporated in 2018 (Source: SmartSearch 03/06/2020). Their Guarantor Crew CLothing Co. Limited were incorporated in 1996 and for the year ending 28th October 2018, reported a turnover of 61,182,000, pre-tax profit of 3,078,000 and total assets of 24,227,000 (Source: SmartSearch 03/06/2020).
(3) The lease provides for a tenant option to determine on 03/05/2021 with at least 6 months prior notice.
(4) The rent increased by 1,000 on 3rd May 2020 and will increase by 1,000 per annum up to 34,000 by 3rd May 2023.
