Tenancy & Accommodation
Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Review/(Reversion) |
Ground First |
Retail/Ancillary Residential |
177.3 sq m
|
(1,908.44 sq ft)
|
Avicenna Retail Ltd with a guarantee from Avicenna Ltd (1) t/a Sheppard’s Pharmacy |
15 years from completion of the sale on a full repairing and insuring lease (2) (4) |
£15,910 |
5 yearly compounded RPI-indexed Rent Reviews (capped at 3% and collared at 1%) |
Total commercial area of
|
177.3 sq m
|
(1,908.44 sq ft) plus two flats (3) |
|
|
£15,910 |
|
(1) For the year ending 31st July 2020, Avicenna Retail Limited reported a turnover of £22,782,836, pre-tax profits of £1,078,131 and total assets less current liabilities of £10,725,189 (Source: NorthRow). For the year ending 31st July 2020, Avicenna Limited reported a turnover of £48,744,957, pre-tax profits of £-4,556,151, and total assets less current liabilities of £50,159,787 (Source: NorthRow 24/05/2021).
(2) The lease provides a tenant option to extend the lease for a further 10 years.
(3) The above floor areas have been published by the Valuation Office Agency at www.voa.gov.uk and the description of the property has been provided by the seller.
(4) The residential accommodation has been sublet. Further information is available in the legal pack.