Tenancy & Accommodation
Unit |
Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Reversion |
Unit 1 |
Ground First |
Workshop Office |
218.80 sq m 51.30 sq m |
(2,355 sq ft) (552 sq ft) |
INDIVIDUAL |
3 years from 19/01/2015 (1) |
£8,873 (2) |
18/01/2018 |
Unit 2 |
Ground First |
Workshop Office |
216.30 sq m 47.00 sq m |
(2,328 sq ft) (506 sq ft) |
BEYOND NUTRITION LIMITED |
3 years from 19/02/2016 (3) |
£5,068 (4) |
18/02/2019 |
Unit 3 & 4 |
Ground First |
Workshop/Office Office |
319.60 sq m 74.30 sq m |
(3,440 sq ft) (800 sq ft) |
PROMUSCLE PRODUCTS MANUFACTURING LIMITED |
3 years from 01/01/2016 (5) |
£16,481 |
31/12/2018 |
Unit 5 & 6 |
Ground Mezzanine First |
Workshop/Office Ancillary Office/Ancillary |
378.27 sq m 89.25 sq m 89.56 sq m |
(4,072 sq ft) (961 sq ft) (964 sq ft) |
VMS SOLUTIONS LIMITED |
3 years from 18/11/2014 (6) |
£15,721 |
17/11/2017 |
Totals |
|
|
1,484.38 sq m |
(15,978 sq ft) |
|
|
£46,143 (2) |
(1) The lease provides for a tenant option to determine on 19th January 2017.
(2) The current rent reserved is £4,437 p.a.x, the lease provides for a fixed increase in rent on 19th September 2016 to £8,873 p.a.x. The seller has agreed to adjust the completion monies so that the unit will produce £8,873 p.a.x from completion of the sale.
(3) The lease provides for tenant options to determine on 19th February 2017 and 19th February 2018.
(4) The lease provides for fixed increases in rent. On 19th February 2017 the rent will increase to £6,335 p.a.x and on the 19th February 2018
the rent will increase to £7,602 p.a.x.
(5) The lease provides for tenant options to determine on 1st January 2017 and 1st January 2018.
(6) The lease provides for a rolling tenant option to determine on providing three months’ prior notice.