Tenancy & Accommodation
| Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Reviews |
Ground
Basement
|
Retail
Ancillary
|
69.37 sq m
47.90 sq m
|
(746.70 sq ft)
(515.60 sq ft)
|
DIGNITY
FUNERALS
LIMITED (1) T/A
F G PYMM & SON
|
10 years from 09/08/2011
until 08/08/2021 on a
full repairing and
insuring lease (2) |
£25,000 (3) |
09/08/2016
|
| First/Second |
Residential
Two Bedroom
Flat
|
Not Measured
|
INDIVIDUALS
|
125 years from 01/10/2010
until 30/09/2135 |
£250 |
01/10/2035
and 25
yearly
thereafter (4)
|
| Totals |
|
117.27 sq m |
(1,262.30 sq ft) |
|
|
£25,250 |
|
(1) Dignity funeral homes and crematoria have been serving their local communities for generations. They are listed on the London Stock Exchange and are active members of the National Association of Funeral Directors and the Federation of Burial and Cremation Authorities. (Source: www.dignityfunerals.co.uk 14/09/2012)
(2) The lease provides for a tenant’s option to determine on the fifth anniversary of the term.
(3) The current rent reserved under the terms of the lease is £21,500 p.a.x. The lease provides for fixed increases in rent as follows; £22,500 p.a.x. on 9th August 2013, £24,000 p.a.x. on 9th August 2014 and £25,000 p.a.x. on 9th August 2015. The seller will pay the buyer the difference between the passing rent and £25,000.
(4) As to the residential lease the rent is to increase by £250 p.a.x. at each review.
