Tenancy & Accommodation
| Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Review/
(Reversion) |
| Ground |
Office |
242.47 sq m |
(2,610 sq ft) |
STAFFORDSHIRE
DOCTORS URGENT
CARE LIMITED (1) |
Approximately 6 years
from 07/03/2014 |
£36,000 |
(31/12/2020) |
| First |
Office |
256.50 sq m |
(2,761 sq ft) |
SECURITY PLUS
LIMITED (2) |
10 years from 02/09/2016 |
£27,000 (3) |
Fixed rental
increases (3)
(01/09/2026) |
| Totals |
|
498.97 sq m |
(5,371 sq ft) |
|
|
£63,000 |
|
(1) Staffordshire Doctors Urgent Care Limited is contracted by the NHS to operate 111 telephone helplines.
(2) For the year ending 30th September 2018, Security Plus Ltd reported a turnover of £39,259,071, pre-tax profits of £857,345 and a total net worth of £3,262,648 (Experian Group: 05/06/2019).
(3) Under the terms of the lease to Security Plus Limited, the current rent is £26,000 p.a.x., with fixed rental increases to £27,000 p.a.x.
on 02/09/2019, £28,000 p.a.x. on 02/09/2020, £28,990 p.a.x. on 02/09/2021 and £30,371 p.a.x. on 02/09/2024. The seller will pay the buyer the difference beetween £26,000 p.a.x. and £27,000 p.a.x. from completion of sale until 02/09/2019. Therefore, the property will make £27,000 p.a.x. from completion of sale.
