Tenancy & Accommodation
| Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Reviews (Reversion) |
Ground
First |
Office
Office |
275.6 sq m
288.6 sq m |
(2,966 sq ft)
(3,107 sq ft) |
MORSON WYNNWITH LIMITED (1)
|
Tenancy at will from 23/12/2010 (2) |
£47,600 (3) |
|
Second
|
Office & 4 Car
Parking Spaces
|
289.9 sq m
|
(3,120 sq ft)
|
SOMERSET COUNTY COUNCIL (4)
|
5 years from & including
27/11/2006 (5) |
£26,250 |
(26/11/2011) (5)
|
| Totals |
|
854.1 sq m |
(9,193 sq ft) |
|
|
£73,850 (Subject to Note 3) |
|
(1) Morson Wynnwith Limited enjoys a first class reputation within engineering, technical, airline and airport industries for providing premium recruitment services and are the supplier of choice for many blue chip employers. (Source: www.wynwith.com 06/06/2011)
(2) The tenant is occupying under a tenancy at will following the administration of the previous tenant Wynnwith Group Ltd in 2010.
The surrender of the previous leases occurred on 22nd December 2010. The tenancy at will is determinable at any time.
(3) The rent stated is the combined annual rent payable under the previous leases. This rent combined with the service charge and insurance previously payable has been calculated to total an all inclusive daily rate of £206.98 which is now payable by the tenant under the tenancy at will.
(4) Somerset County Council is made up of four Directorate - Children and Young People, Community, Environment, and Resources. Somerset County Council is part of a joint venture between Taunton Deane Borough Council, Avon & Somerset Police and IBM, which form Southwest One. (Source: www.somerset.gov.uk 06/06/2011)
(5) Somerset County Council and the vendor are in the process of agreeing a 12 month extension to the lease on the same terms. Heads of Terms have been issued and are in the solicitor's hands. For further information, please refer to the Auctioneers.
