Tenancy & Accommodation
Unit |
Use |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x. (gross) |
Review |
1B 1B 1C 1C |
Ground First Ground First |
Warehouse Office Warehouse Office |
188.89 sq m 187.66 sq m 190.07 sq m 187.54 sq m |
(2,033 sq ft) (2,019 sq ft) (2,053 sq ft) (2,018 sq ft) |
SPECSAVERS OPTICAL SUPERSTORES LIMITED t/a Newmedica (CRN 01721624) (1) |
10 years from 19/11/2021 until 2031 (2)
| £70,000 (3) |
19/11/2026 |
Total Approximate Floor Area
|
757.16 sq m |
(8,123 sq ft) |
|
|
£70,000 (3) |
|
(1) For the year ending 29/02/2020, Specsavers Optical Superstores Limited reported a turnover of £696,410,000, pre-tax profits of £20,929,000 and total shareholder's equity of £86,047,000 (NorthRow 22/10/2021).
Newmedica is one of the leading providers of NHS-funded ophthalmology services in England, founded more than 10 years ago. They provide services for NHS CCGs, NHS Trusts and Foundation Trusts, and other providers of NHS-funded services, caring for more than 120,000 patients a year in more than 23 services across England. To support their work to improve eye health services for patients in the community, Specsavers, the largest optical provider to the NHS, made a major investment in a partnership with Newmedica in 2016. Newmedica have been operating in Barlborough and are relocating this branch to provide a new purpose built theatre and treatment centre. More information: https://www.newmedica.co.uk/
(2) The lease provides for a tenant option to determine the lease on 19th November 2027 on serving 6 months written notice.
(3) The lease provides for a rent free period for the first 6 months of the lease until 19th May 2022. The Seller will pay the Buyer the rent that would have been due from Completion of the sale until end of the rent free period.