Tenancy & Accommodation
| Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Reviews/(Reversion) |
| Ground |
Office |
437.03 sq m |
(4,704 sq ft) |
VACANT |
|
|
|
First
Second |
Office
Office |
561.59 sq m
589.01 sq m |
(6,045 sq ft)
(6,340 sq ft) |
ARMSTRONG SOLICITORS LIMITED (1) |
5 years from 23/01/2012 |
£124,500 (2) |
(22/02/2017) |
Third
Basement |
Office
3 x Car Spaces |
587.74 sq m |
(6,326 sq ft) |
MITCHELL CHARLESWORTH (SERVICES) LIMITED (3) |
15 years from 05/01/2005 |
£78,811 (7) |
(04/01/2020) |
Fourth
Sixth
Basement |
Office
Office
5 x Car Spaces |
589.66 sq m
510.89 sq m |
(6,347 sq ft)
(5,499 sq ft) |
WEALTH AT WORK LIMITED (4) |
5 years from 01/05/2015 |
£148,425 (7) |
(30/04/2020) |
Fifth
Basement |
Office
4 x Car Spaces |
508.64 sq m |
(5,475 sq ft) |
BDO LLP (5) |
10 years from 24/03/2015 (6) |
£72,161 (7) |
24/03/2020
(23/03/2025) |
| Basement |
3 x Car Spaces |
|
|
MITCHELL CHARLESWORTH (SERVICES) LIMITED (3) |
Licence Agreement |
£6,000 |
|
| Basement |
5 x Car Spaces |
|
|
ARMSTRONG SOLICITORS LIMITED (1) |
Licence Agreement |
£4,000 |
|
| Basement |
4 x Car Spaces |
|
|
VACANT |
|
|
|
| Adjacent Car Park |
51 Spaces |
|
|
VARIOUS |
Licence Agreements |
£79,640 |
|
| Totals |
|
3,784.56 sq m |
(40,737 sq ft) |
|
|
£513,537 |
(1) For the year ending 31st July 2013, Armstrong Solicitors Limited reported a turnover of £8,935,791, pre-tax profits of £2,205,829 and a total net worth of £4,283,100. (Source: www.riskdisk.com 09/06/2015)
(2)The current rent is £93,375 p.a.x which is subject to a fixed increase on 23/01/2016 to £124,500 p.a.x. The seller has agreed to adjust the completion monies so that the unit will effectively produce £124,500 from completion of the sale.
(3)Mitchell Charlesworth is a dual Chartered Accountancy and Business Advisory firm with offices in Liverpool, Manchester, Chester, Warrington and Widnes. The firm was originally founded in 1885 and provides financial, taxation, and business advice to both individuals and companies. For further information, please refer to www.mitchellcharlesworth.co.uk
(4)Wealth At Work is a leading provider of financial education in the workplace providing its clients’ employees with an understanding of a range of topics such as pensions, ISA’s, retirement planning and company share schemes. Clients include BT, Marks & Spencer and BP. The company is headquartered in Liverpool and employs over 100 people (Source: www.wealthatwork.co.uk). For the year ending 31st December 2014, Wealth At Work Ltd reported a turnover of £7,174,000, a pre-tax loss of -£1,261,000 and a net worth of £2,697,000. (Source: www.riskdisk.com 09/06/2015)
(5)For the year ending 04/07/2014 BDO LLP reported a turnover of £373,600,000, pre-tax profits of £76,800,000 and a net worth of £83,400,000. (Source: www.riskdisk.com 09/06/2015)
(6)There is a tenant break option on 24/03/2020.
(7)The tenants are currently benefiting from rent free periods. The seller has agreed to adjust the completion monies to cover the difference in rent during these periods.
