Tenancy & Accommodation
| Unit |
Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Review/
(Reversion) |
| A |
Ground |
Industrial |
267.00 sq m |
(2,874 sq ft) |
HEATHERSIDE SHEET
MATERIAL LIMITED (WITH
PERSONAL GUARANTEE)
(1) |
2 years from
12/05/2017 |
£15,000 |
(11/05/2019)
(2) |
| B |
Ground
Mezzanine |
Industrial |
273.10 sq m |
(2,940 sq ft) |
COLE AND MILLER
AUTOMOTIVES LIMITED (3) |
10 years from
20/01/2017 |
£14,000 |
20/01/2022
(19/01/2027) |
| C |
Ground |
Industrial |
276.20 sq m |
(2,973 sq ft) |
COLE AND MILLER
AUTOMOTIVES LIMITED (3) |
10 years from
20/01/2017 |
£18,000 |
20/01/2022
(19/01/2027)
(2) |
Units 4A,
4B, 4C, D
and Units
1-3 |
Ground |
Industrial |
2,362.20 sq m |
(25,427 sq ft) |
VARIOUS |
Held on 5
separate 999
year leases |
£500 (4) |
|
| Total |
|
3,178.50 sq m |
(34,214 sq ft) |
|
|
£47,500 |
|
(1) Heatherside Sheet Material Limited were incorporated in 2003 and are one of the leading stainless steel fabricators in the Bedfordshire area with over 30 years of experience (Source: www.heathersidesheetmetal.co.uk). The seller is holding an £8,500 rent deposit.
(2) The lease is outside of the security provisions of the Landlord and Tenant Act 1954.
(3) Cole and Miller Automotives Limited were incorporated in 2007 and provide automobile servicing, repairs and MOT testing.The seller is holding rent deposits to the sum of £10,618.66.
(4) As to units 4A, 4B,4C, D and Units 1-3, the total ground rents reserved under the terms of the lease is £500 per annum.
