Smith Price - Retail Letting - Weymouth, New Bond Street
Date: 19 Jun 2008
This prime retail unit has now been let to Starbucks on a new lease basis.
The premises are arranged over ground and first floor levels offering the following approximate
dimensions and floor areas:-
Gross Frontage - 6.65 m 21' 10"
Net Frontage - 6.20 m 20' 04"
Internal Width - 6.91 m 22' 08"
Shop Depth - 25.55 m 83' 10"
Ground Floor Sales Area - 160.26 m² 1,725 sq.ft.
First Floor Ancillary - 157.84 m² 1,699 sq.ft.
The premises have been let on an effectively full repairing and insuring lease for a term of ten years
subject to an upward only rent review at the end of the fifth year at a commencing rental of £105,000 p.a. excl. Starbucks were provided with a capital contribution equivalent to three months rental.
Smith Price and Cushman & Wakefield are the retained letting agents for this Shopping Centre on behalf of the landlords - Cushman & Wakefield Investors advising Lloyds Bank SF Nominees Ltd (Nominees for LTGP Ltd Partnership Incorporated) and HSBC Bank Plc (as Trustees of Hermes Property Unit Trust). Montagu Evans acted on behalf of Starbucks.
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