Tenancy & Accommodation
| Floor |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Reviews/
(Reversion) |
Basement
(Original
building) |
65.03 sq m |
(700 sq ft) |
VACANT
POSSESSION |
|
|
|
| Ground (Part) |
479.10 sq m |
(5,157 sq ft) |
BRITISH
TELECOMMUNICATI
ONS PLC |
25 years from
15/03/1999 (1) |
Peppercorn |
(15/03/2024) |
| Ground (Part) |
137.37 sq m |
(1,920 sq ft) |
VACANT
POSSESSION (2) |
|
(2) |
|
| First (Part) |
149.38 sq m |
(1,608 sq ft) |
XEPOS LIMITED |
5 years from
01/01/2021 (3) |
£18,468 |
(31/12/2025) |
| First (Part) |
139.16 sq m |
(1,498 sq ft) |
EXPRESS
PAYMENTS LIMITED |
5 years from
01/01/2021 (4) |
£18,468 |
(31/12/2025) |
| First (Part) |
72.46 sq m |
(780 sq ft) |
INDIVIDUAL t/a
Bookkeeping
Birmingham |
5 years from
14/05/2021 |
£7,660
(6) |
14/05/2023 rising to
£8,36714/05/2025 rising
to £9,092 (14/05/2026) |
| First (Part) |
43.19 sq m |
(465 sq ft) |
MJ MORTGAGES
LTD |
3 years from
October 2021 (8) |
£5,580 |
(October 2024) |
| First (Part) |
70.42 sq m |
(758 sq ft) |
REILLY & CO
SOLICITORS
LIMITED |
3 years from
24/08/2020 |
£9,096
(7) |
24/08/2022 rising to
£9,096
(24/08/2023) |
| First |
30.70 sq m |
(352 sq ft) |
XEPAY LIMITED |
3 years from
18/02/2021 (5) |
£3,077 |
(17/02/2024) |
| Second |
134.33 sq m |
(1,446 sq ft) |
AMAN CARE
LIMITED |
5 years from
24/01/2021 |
£14,460 |
(23/01/2026) |
| Second |
109.34 sq m |
(1,177 sq ft) |
HOTPOD YOGA
SOLIHULL LIMITED |
5 years from
14/05/2021 |
£12,358.50 |
(13/05/2026) |
Basement
Second |
158.86 sq m
85.00 sq m |
(1,710 sq ft)
(915 sq ft) |
BRITISH
TELECOMMUNICATI
ONS PLC |
25 years from
15/03/1999 (1) |
Peppercorn |
(15/03/2024) |
Total
|
1,674.34 sq m |
(18,468 sq ft) |
|
|
£89,167.50 (3,4) |
|
(1) As to the ground floor(part), basement and Second floor, the leases to British Telecommunications plc provides the tenant the right to renew the lease until 2049. Under the terms of the leases British Telecommunications plc are liable for 52.2% of the service charges.
(2) As to the ground floor(part) which is subject to vacant possession the Seller is in discussions with a party interested in taking a lease of 50% of the ground floor at a rent of £11,000 per annum exclusive. Head of terms are available in the legal pack and it is anticipated that the lease will be completed prior to the auction.
(3) As to part first floor let to Xepos Limited, the lease provides the tenant the option to determine the lease on 31/12/2023. The current rent reserved under the terms of the lease is £18,468 per annum exclusive (pax). The tenant is currently paying £9,234pax until 01/01/2022.
The seller will pay to the buyer the difference between the current rent reserved of £18,468 per annum exclusive and £9,234 pax from completion of the sale until 1/01/2022. This unit will produce a total of £18,468 per annum exclusive from the completion of the sale.
(4) As to part first floor let to EXPRESS PAYMENTS Limited, the lease provides the tenant the option to determine the lease on 31/12/2023. The current rent reserved under the terms of the lease is £18,468 per annum exclusive. The tenant is currently paying £9,234pax until 01/01/2022. The Seller will pay to the buyer the difference between the current rent reserved of £18,468 per annum exclusive and £9,234 pax from completion of the sale until 1/01/2022. This unit will produce a total of £18,468 per annum exclusive from the completion of the sale.
(5) As to part first floor let to XEPAY LIMITED, the tenant is currently paying £1,538 pax until 18/02/2022. The seller will pay to the buyer the difference between the current rent reserved of £3,077 per annum exclusive and £1,538 pax from completion of the sale until 18/02/2022.
This unit will produce a total of £3,077 p.a.x. per annum exclusive from the completion of the sale until 18/02/2022.
(6) As to part first floor let to BOOKKEEPING BIRMINGHAM. The lease provides for fixed rental increases to £8,367 p.a.x. on 14/05/2023 and rising to £9,092 p.a.x. on 14/05/2025.
(7) As to part floor floor let to REILLY & CO SOLICITORS LIMITED, the current rent reserved is £7,959 per annum exclusive. The lease provides for fixed rental increases rising to £9,096 p.a.x on 24/08/2022. The seller will pay to the buyer the difference between the current rent reserved of £7,959 per annum exclusive and £9,096 per annum exclusive from the completion of the sale until the 2022 rent review is documented. This unit will produce a total of £9,096 per annum exclusive from the completion of the sale.
(8) As to part first floor let to MJ MORTGAGES LIMITED, the lease has been agreed but not yet completed. It is anticipated that The lease will be completed prior to the auction.
