Tenancy & Accommodation
| Floor |
Use |
Floor Areas
(Approx) |
Tenant |
Term |
Rent p.a.x |
Review/
(Reversion) |
| Ground |
Retail/Ancillary |
176.45 sq m |
(1,899 sq ft) |
Avicenna Retail
Ltd with a
guarantee from
Avicenna Ltd (1)
t/a Sheppards
Pharmacy |
15 years from
completion of the
sale on a full
repairing and
insuring lease (2) |
£15,000 |
5 yearly RPI linked
rent reviews subject to
a minimum and
maximum increase at
each review. Full
information is available
in the legal pack |
Total
|
176.45 sq m |
(1,899 sq ft) 3) |
|
|
£15,000 |
|
(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 negative £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.
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