Tenancy & Accommodation
| Unit |
Floor |
Use |
Floor Areas
Approx sq m |
Floor Areas
Approx sq ft |
Tenant |
Term |
Rent p.a.x. |
Rent Review (Reversions) |
| Unit 1 |
Ground
First
Second |
Retail
Ancillary
Ancillary |
146.57 sq m
136.44 sq m
Not Measured |
(1,577 sq ft)
(1,468 sq ft) |
Nero Holdings Limited (crn03288178) t/a Caffe Nero(1) |
10 years from 26th September 2025 (2) |
£50,000 (2) |
25/09/2030 (25/09/2035) |
| Unit 2 |
Ground
First
Second |
Retail
Ancillary
Ancillary |
131.62 sq m
129.87 sq m
Not Measured |
(1,417 sq ft)
(1,398 sq ft) |
Card Zone Limited (crn 04639036)(3) |
5 years from 27th May 2021 |
£37,500 |
(26/05/2026) |
| Unit 3 |
Ground
First
Second |
Retail
Ancillary
Ancillary |
112.45 sq m
129.87 sq m
Not Measured |
(1,210 sq ft)
(1,135 sq ft) |
TG Jones Retail Holdings Limited (crn 00471941) t/a TG Jones (4) |
5 years from 2026 (5) |
£27,500 (6) |
(2031) |
| Unit 4 |
Ground
First
Second |
Retail
Ancillary
Ancillary |
88.76 sq m
68.17 sq m
Not Measured |
(955 sq ft)
(734 sq ft) |
TG Jones Retail Holdings Limited (crn 00471941) t/a TG Jones (4) |
5 years from 2026 (5) |
£22,500 (6) |
(2031) |
| Total Approximate Floor Area |
|
|
919.20 sq m |
(9,894 sq ft) |
|
|
£137,500 |
|
(1) For the year ending 31st May 2024 Nero Holding s Limited (crn03288178) reported Revenue of £333,295,000., Pre Tax Profits of £21,894,000. and Net Assets of £370,434,000 (Source: Report and Financial Statements as published at Companies House 22/01/2026).
(2) As to unit 1, the lease to Nero Holdings Limited provides for a tenant option to determine the lease on 25th September 2031 subject to the tenant serving 6 months written notice and the lease provides for the rent commencement date to be 26th December 2026. The Seller will pay the Buyer a sum equivalent to £50,000 per annum exclusive from completion of the sale until 25th December 2026. Therefore Unit 1 will produce £50,000 per annum exclusive from Completion of the sale.
(3) For the year ending 29h June 2024 Cardzone Limited (crn04639036) reported Turnover of £56,645,848., Pre Tax Profits of £5,538,225. and Total Equity of £5,707,623.. (Source: Annual Report and Financial Statements as publishes at Companies House 22/01/2026).
(4) For the year ending 31st August 2024 TG Jones Retail Holdings Limited (crn 00471941) reported Revenue of £221,457,000., Profit before interest and taxation of £178,781,000. and Net Assets of £2,252,907,000.. (Source: Annual report and financial statements as published at Companies House 22/01/2026)
(5) As to units 3 and 4 and the two lease to TG Jones Retail Holdings Limited (crn 00471941) has been agreed but not yet documented. It is anticipate that the lease will be completed prior to the Auction. The leases will provide for a Tenant option to determine on the third anniversary of the term.
(6) The Special Conditions of Sale provides for the Seller pay to the Buyer on Completion of the sale, a sum equivalent to the overpayment of rent made to the Seller by TG Jones Retail Holdings Limited. This payment will be made way of an allowance on the Completion statement.
