Unit | Accommodation | Size | Tenancy | Rent (£pa) |
1 | Warehouse | 890.30 sq m (9,583 sq ft) | Let to Harlech Foodservice Ltd for a term of 5 years from February 2024 (1) | £50,000 |
2 | Warehouse | 720.90 sq m (7,760 sq ft) | Let to Currys Group Ltd for a term of 5 years from July 2023 (2) | £40,000 |
Total | 1,611.20 sq m (17,343 sq ft) | £90,000 (3) |
(1) For the year ending 31/03/2023 the tenant reported a turnover of £38.40 million and shareholders' funds of £1.62 million (source: Companies House). As part of its expansion programme, the tenant has recently taken over a rival firm as part of an overall £6m plan to create 150 new jobs. Further infromation can be found by clicking here.
(2) For the year ending 29/04/2023 the tenant reported a turnover of £4.69 billion, a pre-tax profit of £26.90 million and shareholders' funds of £888.40 million (source: Companies House).
(3) This is the gross rent before the ground rent deduction.