Tenancy & Accommodation
|Floor||Use||Floor Areas |
506.03 sq m
(5,447 sq ft)
STORES LIMITED IN
31/01/2033 on FRITerms (2)
|Basement||Ancillary||30.10 sq m||(324 sq ft)|
536.13 sq m
(5,771 sq ft)
| || ||£42,985|| |
(1) On 4 August 2020, Michael John Magnay and Gavin George Scott Park both of Deloitte LLP were appointed as joint administrators of the tenant, which is now known as Meridian Realisations Limited in Administration. On 4 August 2020, a licence to occupy was granted to M&Co Trading Limited (the entity which purchased the business and assets from Meridian Realisations Limited in Administration). Please refer to the letter from Deloitte LLP dated 12 August 2020 attached to this sale extract and enclosed with the auction pack for further details.
(2) There are tenant only break options to terminate the lease any time prior to one year after each of the later of:
(a) the second, third and fourth Review dates (being 18 May 2017, 2022, 2027, 2032)
(b) the date on which the rent payable from and after the Relevant Review Date has been fixed by service on the landlords of 6 months notice to that effect..