Tenancy & Accommodation
| Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
| Ground |
Retail/Ancillary |
117.17 sq m |
(1,261 sq ft) |
SPACE NK
LIMITED (2) |
10 years from 29/09/2020
until 28/09/2030 (3) |
£44,000 |
| Ground |
Retail/Ancillary |
144.80 sq m |
(1,558 sq ft) |
SUE RYDER (4) |
10 years from 05/03/2020
until 04/03/2030 (5) |
£47,000 |
| First/Second |
Residential |
5 flats |
VARIOUS |
125 years each from 2021 |
£1,375 (subject
to review) |
| First/Second |
Residential |
5 flats |
LTC GROUP
LIMITED |
125 years each from
completion |
£1,260 (subject
to review) |
Total Commercial Area
|
261.97 sq m |
(2,819 sq ft)(1) |
|
|
£93,635 |
(1) Floor areas provided by the Valuation Office Agency (www.gov.uk)
(2) For the year ending 28th March 2020, Space NK Limited reported a turnover of £125,710,067, a pre-tax profit of £3,407,415 and shareholders funds of £35,091,117 (Source: NorthRow 01/09/2021). Space NK was founded in 1991, today there are 72 stores across the UK and Ireland and a further 29 in the US (www.spacenk.com/uk 01/09/2021).
(3) The lease provides for a tenant option to determine the lease on 28/09/2025 subject to 6 months' written notice. If the break is not exercised the tenant will benefit from a 3 month rent free period.
(4) For the year ending 31st March 2020 Sue Ryder reported a turnover of £112,017,000, a pre-tax profit of £48,667,000 and shareholder funds of £53,822,000 (Source: NorthRow 01/09/2021).
(5) The lease provides for a tenant option to determine the lease on 04/03/2025 subject to 6 months' written notice. If the break is not exercised the tenant will benefit from a 3 month rent free period.
