Tenancy & Accommodation
| Address |
Floor |
Use |
Floor Areas sq m |
Floor Areas sq ft |
Tenant |
Term |
Rent p.a.x. |
Rent Review |
| 16 Cavell Street |
Ground First |
Office Office |
42.30 28.40 |
(455) (306) |
INDIVIDUAL t/a Home Trader |
3 years from 12/11/2025 (1) |
£25,500 |
- |
| 18 Cavell Street |
Ground First & 1 car parking space |
Retail Office |
24.90 47.70 |
(268) (513) |
INDIVIDUAL t/a Maudud Law Chambers Solicitors (Ground floor sublet to tenant trading as Oymoy convenience store) (2) |
20 years from 01/04/2008 |
£18,000 |
- |
| 20 Cavell Street |
Ground Basement |
Retail Ancillary |
37.00 48.30 |
(398) (520) |
AL MAMUN & ASSOCIATES PVT LIMITED with a personal guarantee |
12 years from 20/11/2024 (3) |
£25,000 |
20/11/2029 20/11/2034 |
88a 20a |
Ground First & Car Park |
Office Ancillary |
41.50 82.30 |
(447) (886) |
INDIVIDUAL |
5 years from 12/02/2026 (4) |
£40,000 (5) |
- |
| Total approximate floor area |
|
|
352.40 |
(3,793) |
|
|
£108,500 |
|
(1) The lease provides for a mutual break clause which may be exercised by either party on twelve months' written notice at any time during the term. The lease is outside of the security of the tenure provisions of the Landlord & Tenant Act 1954.
(2) The property is let in its entirety to an Individual trading as Maudud Law Chambers Solicitors at a current rent of £18,000 per annum. The ground floor is underlet to a tenant trading as Oymoy Convenience Store at a current rent of £30,000 per annum and the first floor is occupied by Maudud Law Chambers Solicitors.
(3) The lease provides a landlord only rolling option to determine the lease at any time from 20/11/2029, subject to 6 months written notice. A rent deposit of £6,250 is held by the landlord. The lease is outside of the security of the tenure provisions of the Landlord & Tenant Act 1954.
(4) The lease provides a landlord only option to determine the lease at any time from 12/02/2028, subject to 6 months written notice. A rent deposit of £10,000 is held by the Landlord. The lease is outside of the security of the tenure provisions of the Landlord & Tenant Act 1954.
(5) The lease provides for a reduced rent of £36,666 per annum for the first 12 months of the term, after which the rent increases to £40,000 per annum.
N.B. The above floor areas have been provided by the vendor.