Rapleys - Retail Letting - Banbury, Ruscote Avenue, Banbury Cross Retail Park

Date: 04 Jan 2002

Client: UGC Group Property

Property: Unit 13, Banbury Cross Retail Park, Ruscote Avenue, Banbury

Rental: £236,187 per annum exclusive

Floorspace: 1,904.08 sq m (20,496 sq ft)
(Including sublet of 511 sq m (5,500 sq ft) let to Rosebys.)

Lessor (or Seller): Unipart Group Limited

Lessor's (or Seller's) Agent: Rapleys

Landlord: HSBC Bank Pension Trust (UK) Limited

Lessee's Agent: Wilkinson Williams/LaSalle Investment Management

Notes: Following the demise of Charlie Brown's which went into administrative receivership the headlease was vested in Unipart Group of Companies. The lease being for a term of 25 years from the 24th June 1990 subject to five yearly rent reviews. Part of the unit was sublet to Rosebys Limited by way of an underlease from the 20th September 1991.

Unipart surrendered their head lease, which completed on 22nd October 2001.

The landlords, HSBC Bank Pension Trust (UK) Limited have agreed terms with Harveys who are fitting out the premises for trading on the 17th December 2001.

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