Tenancy & Accommodation
| Unit |
Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x. |
Review/(Reversion) |
| 7 |
Ground
First |
Office
Office |
120.96 sq m
121.82 sq m |
(1,302 sq ft)
(1,311 sq ft) |
VACANT POSSESSION |
|
|
|
| 8 |
Ground
First |
Office
Office |
193.98 sq m
198.93 sq m |
(2,088 sq ft)
(2,141 sq ft) |
VACANT POSSESSION |
|
|
|
| 9 |
Ground
First |
Office
Office |
75.76 sq m
80.30 sq m |
(816 sq ft)
(864 sq ft) |
JASPER VINCENT LIMITED (1) |
5 years from 22/08/2014 (2) |
£16,850 |
(21/08/2019) |
| 10 |
Ground
First |
Office
Office |
68.93 sq m
74.43 sq m |
(742 sq ft)
(801 sq ft) |
VACANT POSSESSION |
|
|
|
| 11 |
Ground
First |
Office
Office |
157.43 sq m
160.63 sq m |
(1,695 sq ft)
(1,729 sq ft) |
BILFINGER INDUSTRIAL
AUTOMATION SERVICES LIMITED
(with guarantee) (3) |
10 years from 26/06/2014 (4) |
£34,580 (rising to
£41,496 p.a.x. in 2019) |
26/06/2019 (5)
(25/06/2024) |
| 12 |
Ground
First |
Office
Office |
250.75 sq m
238.72 sq m |
(2,699 sq ft)
(2,570 sq ft) |
AMITY WORLD TRAVEL LIMITED (6) |
10 years from 05/09/2014 (7) |
£56,150 (7) |
05/09/2017
(04/09/2024) |
| Totals |
|
|
1,742.64 sq m |
(18,758 sq ft) |
|
|
£107,580 |
|
(1) Jasper Vincent is a vibrant, professional and pro-active legal practice providing a comprehensive range of legal services to individuals, small to medium enterprises, owner managed businesses
and entrepreneurs. The firm has been established since 1946 and currently has offices in Southampton and Segensworth. (Source: www.jaspervincent.co.uk) There is a guarantor on the lease.
(2) There is a tenant only option to determine the lease on 22/08/2017, subject to 6 months’ prior written notice.
(3) Bilfinger Industrial Automation Services is a leading UK electrical engineering organisation, providing turnkey solutions for the design, manufacture, installation and maintenance of bespoke
control and instrumentation systems, electrical power systems and data communication systems. Part of the international Bilfinger Industrial Services Group, they serve a UK-wide customer
base, with a proven track record of delivering high profile projects for major blue chip organisations across a range of market sectors. (Source: www.bis-atg.co.uk) The lease is guaranteed by
Bilfinger Industrial Services UK Limited and for the year ending 31/12/2014, reported a turnover of £173,085,000, pre-tax profits of £11,302,000 and a total net worth of £33,117,000. (Source:
www.experian.com 16/09/2015)
(4) There is a tenant only option to determine the lease on 26/06/2019 subject to 6 months’ prior written notice.
(5) There is a fixed rental increase from 26th June 2019 to £41,496 p.a.x.
(6) Amity World Travel was founded in 1971 and rapidly became the leading independent travel agency in Southampton. Amity World Business Travel continues to be an innovative, resourceful
and successful business travel company under the management of owner/directors Paul Gardner and Adrian Williams, both of whom have been with the company for more than 25 years.
(Source: www.amitytravel.co.uk)
(7) There is a tenant only option to determine the lease on 05/09/2017 and 05/09/2019, subject to 6 months’ prior written notice. If the tenant does not exercise their option to break on 05/09/2017,
the rent will reduce to £28,075 p.a.x from 05/09/2017 up to and including 05/09/2018.
