Tenancy & Accommodation
Floor |
Use |
Floor Areas Approx sq m |
Floor Areas Approx sq ft |
Tenant |
Term |
Rent p.a.x. |
Rent Review |
Ground Part First Part Second |
Retail Ancillary Ancillary |
342.25 139.93 46.98 |
(3,683) (1,506) (505) |
Tesco Stores Limited (crn 00519500) t/a Tesco Express (1) |
15 years from September 2025 until 2030 (2) |
£43,000 |
September 2030 and 2035 |
Total Approximate Floor Area |
|
529.16 |
5,694 (3) |
|
|
£43,000 |
|
(1) For the year ending 24th February 2024 Tesco Stores Limited (crn 00519500) reported a Revenue of £49,247,000,000., Pre Tax Profit of £1,469,000,000, and Net Assets of £4,402,000,000.. (Source: Annual Report and Financial Statement as published at Companies House 27/08/2025).
(2) The property is let under 2 separate conterminous leases for a term of 15 years from September 2025. The rent reserved under the lease for No 21 is £24,912 per annum exclusive and rent reserved under the lease for no 23 is £18,080 per annum exclusive. The total current rents reserved is £43,000 per annum exclusive. Both leases provide for a tenant options to determine the leases on the 10th anniversary of the terms.
(3)The floor areas stated above are those published by the Valuation Office Agency (https://www.tax.service.gov.uk/business-rates-find/valuations/start/9334112000).