Tenancy & Accommodation
Unit |
Floor |
Use |
Floor Areas Approx sq m |
Floor Areas Approx sq ft |
Tenant |
Term |
Rent p.a.x. |
Rent Reviews (Reversions) |
Unit 1 |
Ground |
Industrial |
353.40 |
(3,804) |
ALLEN BJJ LIMITED (CRN 15765731) |
10 years from 15/08/2024 (2) (4) |
£32,500 |
15/08/2029 and 5 yearly thereafter (14/08/2034) |
Flat |
First |
Residential - 3 bedroom flat |
67.53 |
(727) |
AN INDIVIDUAL |
Assured Shorthold Tenancy for a term of 6 months from 7th March 2022 (Holding over) |
£10,620 |
|
Unit 2 |
Ground |
Industrial |
270.33 |
(2,910) |
HARROWDEN ROAD MOT & SERVICE CENTRE LIMITED (CRN 08824443) (3) |
10 years from 24/07/2019 (2) |
£21,900 |
(24/07/2029) |
The rear part of the estate |
Ground and first |
Industrial and offices |
1,746.05 |
(18,795) |
SKOULIKAS BEDFORD Limited (crn02485291)(1) |
10 years from 07/07/2021 (2) |
£103,370 rising to £141,000 on 6th July 2026(1) |
06/07/2026 (06/07/2031) |
Total Approximate Floor Area |
|
|
2,437.32 |
(26,235.31) |
|
|
£168,390 rising to £206,020 on 6th July 2026 |
|
(1) For the year ending 31st December 2024 Skoulikas Bedford Limited (crn02485291) reported a Turnover of £6,887,000., Pre Tax Losses of £81,000. and Shareholder's Funds of £1,328,000.. (Source: Unaudited statutory accounts as published at Companies House. 09/10/2025)
Under the terms of the lease the current rent reserved is £103,370 per annum exclusive until 5th July 2026. The rent will increase to £141,000 per annum exclusive on 6th July 2026. As an incentive for the 6th July 2026 Tenant Option to Determine the lease being removed, the tenant will benefit from the rent being discounted to £51.685 per annum exclusive from 05/01/2026 until 05/07/2026 and a Rent Free period from 06/07/2026 until 05/10/2026. On completion of the sale the Seller will pay the Buyer the difference between the current rent reserved of £103,370 pax and £51,685 pax for the period between 05/01/2026 until 05/07/2026 and the Seller will pay the Buyer the rent that would have been due to be paid in the absence of the Rent Free period. Therefore the property will produce £103,370 pax from completion of the sale until 5th July 2026 and £141,000 pax from 6th July 2026.
(2) The Security of Tenure provisions of the Landlord &Tenant Act 1954 are excluded from the lease.
(3) As to the lease to Harrowden Road MOT & Service Centre Limited, the tenant has sub let part of the property.
(4) The lease in favour of Allen BJJ Limited provides for a tenant option to determine the lease on serving at least 6 months written notice.