Tenancy & Accommodation
| Unit |
Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Review |
| 1 |
Ground |
Retail |
467.30 sq m |
(5,030 sq ft)
|
SUPERDRUG STORES
PLC (1)
|
15 years from 15/05/2006
until 14/5/2021(2) |
£50,000 |
15/05/2011 and
five yearly
|
| 2 |
Ground
|
Retail |
524.25 sq m
|
(5,643 sq ft) |
STEINHOFF UK GROUP
PROPERTIES LTD
(t/a Bensons for Beds) (3) |
15 years from 05/06/2006
until 04/06/2021 |
£72,774 |
05/06/2011 and
five yearly |
| 3 |
Ground
|
Restaurant |
359.72 sq m
|
(3,872 sq ft) |
MRS RESHAM KAUR
(to be Mr Singh’s) (4) |
25 years from 09/02/2012
until 08/02/2037 (5) |
£40,000 (6)
(7) |
09/02/2017 and
five yearly |
| 4 |
Ground
|
Retail |
161.93 sq m
|
(1,743 sq ft) |
VACANT |
|
|
|
| 5 |
Ground
|
Retail |
834.17 sq m
|
(8,979 sq ft) |
ARGOS LTD (8) |
15 years from 13/03/2006
until 12/3/2021 |
£81,000 |
13/03/2011 and
five yearly |
| Totals |
|
|
2,347.37 sq m |
(25,267 sq ft) |
|
|
£243,774 (6) |
|
(1) For the year ending 25th December 2010, Superdrug Stores plc reported a turnover of £1,054,587,000, pre-tax profits of £9,302,000 and a total net worth of £133,384,000. (Source: www.riskdisk.com 06/03/2012)
(2) There is a tenant only option to determine on 15th May 2016 on providing 6 months’ written notice.
(3) For the year ending 25th June 2011, Steinhoff UK Group Properties Ltd reported a turnover of £84,387,000, pre-tax profits of £429,000 and a total net worth of £5,391,000. (Source:www.riskdisk.com 06/03/2012)
(4) The tenant is due to begin trading in six to eight weeks. The tenant trades as Mr Singh’s from restaurants in Stirling and Dunblane. For further information please go to www.mr-singh.co.uk
(5) There is a tenant only option to determine on 8th February 2022 on providing 6 months’ written notice.
(6) The tenant is currently benefiting from a rent free period and concessionary rent period. The seller has agreed to adjust the completion monies so that the property will effectively produce £243,774 from completion of the sale.
(7) The tenant has provided a rent deposit of £12,000.
(8) For the year ending 26th February 2011, Argos Ltd reported a turnover of £4,012,064,000, pre-tax profits of £157,867,000 and a total net worth of £1,269,522,000. (Source: www.riskdisk.com 06/03/2012)
