Tenancy & Accommodation
Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Review |
Ground First/Second |
Retail Residential – 2 Bed Flat |
70.16 sq m – |
(755 sq ft) (–) |
BALEDAY LIMITED (1) (2) |
13 years 5 months from 01/07/2012 until 31/11/2025 on a full repairing and insuring lease |
£30,847
|
01/12/2020 (3) |
Total Commercial Floor Area |
70.16 sq m |
(755 sq ft) |
|
|
£30,847 rising to £35,243 in 2020 |
(1) Baleday Limited is a wholly owned subsidiary of Praesepe Holdings Limited. Praesepe is the UK’s largest chain of adult gaming centres operating from a total of 170 adult gaming centres, bingo clubs and family entertainment centres in 100 towns and cities throughout Great Britain. (Source: www.cashinogaming.com 22/04/2014)
(2)The tenant is not currently occupying the commercial unit. The residential flat has been sublet to an individual.
(3)For the purposes of clarification, the current rent is £27,000 p.a.x. rising to £30,847 in December 2015 and £35,243 p.a.x. in December 2020. The Seller has agreed to adjust the completion monies so that the property effectively produces £30,847 p.a.x. from completion of the sale.