Income and Estimated Rental Value
As at October 2011, The Core produced a gross rental income of £3,632,294 per annum.
After the deduction of landlord’s shortfalls, the net income is £3,234,307 per annum.
The Core has an estimated gross rental value of £4,079,000 with a maximum Zone A rental tone of £190 per sq ft Zone A achievable on external units fronting Lands Lane. Zone A rents achievable for internal units are between £25 - £55 Zone A.
Overall estimated rental value rates of between £16 and £31 per sq ft have been applied to the large retail stores.
Income Analysis
The Core offers excellent security of income with 100% of the income secured against national multiple retailers. 90.2% of income is secured against external facing units.
Rent by Unit Type
Rent by Retailer
The Core benefits from an attractive weighted unexpired lease term of 8.6 years.
Unexpired Term and Covenant
Lease Contracted Income Scenario
