Tenancy & Accommodation
| Floor |
Use |
Floor Areas sq m |
Floor Areas sq ft |
Tenant |
Term |
Rent p.a.x. |
Rent Review
(Reversion) |
| Basement/Ground/First/Second/Third |
Retail/Ancillary |
4,251.60 |
(45,764) |
NEW LOOK RETAILERS LIMITED (t/a New Look)(CRN: 01618428)(2) |
5 years from 13/08/2025(4) |
£90,000(3) |
12/08/2030 |
| Total Approximate Commercial Floor Area |
|
4,251.60(1) |
(45,764) |
|
|
£90,000 |
|
(1) The floor areas stated above are those published by the Valuation Office Agency/HMRC (www.voa.gov.uk).
(2) NEW LOOK RETAILERS LTD is one of the UK's leading fashion retailers, offering womenswear, menswear, footwear and accessories through its nationwide store network and online platform. Founded in 1969, the business trades from approximately 337 stores across the UK. For the year ended 29 March 2025, NEW LOOK RETAILERS LTD reported turnover of £687,730,000. (Sources: New Look Annual Report 2025 and Companies House: 24/06/2026).
(3) Under the terms of the lease, the rent is made up of (a) the base rent is currently £90,000 plus VAT per annum and (b) the turnover rent equates to 4% of gross turnover where this amount exceeds £90,000 per annum.
(4) The lease provides for a mutual option to determine the lease subject on 13th August 2027 subject to the serving not less than 6 months written notice and is excluded from the security of tenure process of the Landlord and Tenant Act 1954. The lease also provides for a service charge cap at £192,166.
