Tenancy & Accommodation
| Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Review |
Ground
First
Second
|
Retail
Ancillary
Ancillary
|
62.80 sq m
42.20 sq m
28.43 sq m
|
(676 sq ft)
(454 sq ft)
(306 sq ft)
|
MORTGAGE
ADVICE BUREAU
LIMITED (1)
|
10 years from
04/10/2016 until
03/04/2026 on a full
repairing and insuring
lease (2)
|
£16,500 (3)
|
04/10/2021
|
| Total |
|
133.43 sq m
|
(1,436 sq ft)
|
|
|
£16,500 (3)
|
|
(1) For the year ending 31st December 2015, Mortgage Advice Bureau Limited reported a turnover of £48,018,443, pre-tax profits of £4,583,011 and a total net worth of £3,067,909 (Source: Experian Group 27/02/2017). Mortgage Advice Bureau is a leading mortgage network with over 950 advisers across the UK (Source: www.mortgageadvicebureau.com 27/02/2017).
(2) The lease provides an option to determine on 03/10/2021. The lease is subject to a schedule of condition.
(3) For the purposes of clarification, Mortgage Advice Bureau are currently paying a rent of £14,500 p.a.x. The lease provides fixed rental increases to £15,500 in November 2017 and £16,500 in November 2018. The seller has agreed to adjust the completion monies so that the unit will effectively produce £16,500 p.a.x. from completion of the sale.
