Tenancy & Accommodation
| Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Review |
Ground
Basement
First
Second
Third |
Banking Hall/Offices
Storage/Ancillary/Staff Accommodation Storage/Ancillary/Staff Accommodation
Residential
Residential |
162.31 sq m
14.62 sq m
77.41 sq m
3 Residential Flats
|
(1,747 sq ft)
(157 sq ft)
(833 sq ft)
– Not Measured (3)
|
HSBC BANK PLC (1) |
10 years from 12/05/2010 until 11/05/2020 on a full repairing and insuring lease |
£33,500 (2) |
12/05/2015 (2) |
| Totals |
254.34 sq m |
(2,737 sq ft) |
|
|
£33,500 (2) |
(1) For the year ending 31st December 2009, HSBC Bank plc reported a turnover of £25,137,000,000, pre-tax profits of £4,014,000,000 and total net worth of £16,588,000,000. (Source: www.riskdisk.com 13/04/2011)
(2)The current rent reserved under the terms of the lease is £26,800 p.a.x. The lease provides for a rental increase from 12th May 2015 to the higher of £33,500 p.a.x. or open market rental value. The seller will pay the buyer the difference between the current rent reserved of £26,800 p.a.x. and £33,500 p.a.x. from completion of the sale until 12th May 2015. Therefore the property will produce £33,500 p.a.x. from completion of the sale.
(3)The residential accommodation has been sublet by HSBC Bank plc.
