Tenancy & Accommodation
| Unit |
Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Reviews |
118 |
Ground
First
|
Retail
Ancillary
|
36.80 sq m
29.40 sq m
|
(396.12 sq ft)
(316.46 sq ft)
|
INDIVIDUALS (1)
|
98 years from 01/01/1961
until 31/12/2058 |
£41,625
(with effect
from 1994) |
01/04/2027 (2)
|
119 |
Ground
First |
Retail
Ancillary
|
51.44 sq m
21.60 sq m
|
(553.70 sq ft)
(232.50 sq ft) |
120 |
Ground
First |
Retail
Ancillary
|
49.62 sq m
22.91 sq m
|
(534.11 sq ft)
(246.60 sq ft) |
121 |
Ground
First |
Retail
Ancillary
|
39.07 sq m
19.78 sq m
|
(420.55 sq ft)
(212.91 sq ft) |
| |
Totals |
|
270.62 sq m |
(2,912.95 sq ft) (3) |
|
|
£41,625 |
|
(1) The tenant has sublet to four separate subtenants.
(2)The rent is to be reviewed upwards only to 50% of the difference between the total subtenant rack rent at term commencement and the total rack rents received from the subtenants at the review date. The Seller has been advised by the tenant that the passing rent for each unit is as follows: No. 118 – £16,500 p.a.x., No. 119 – £23,000 p.a.x., No. 120 – £23,000 and No. 121 – £23,000 p.a.x. A full schedule of subtenants and the subtenancies is available for inspection from the Auctioneers.
(3)Floor areas sourced from Valuation Office Agency website (www.voa.gov.uk).
