Tenancy & Accommodation
| Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Reviews |
Ground
First |
Office
Office |
430.33 sq m
408.75 sq m |
(4,632 sq ft)
(4,400 sq ft) |
THE SECRETARY
OF STATE FOR
COMMUNITIES
AND LOCAL
GOVERNMENT
t/a Job Centre Plus |
From 03/02/1995
until 31/03/2027
on a full repairing
and insuring lease
(1) (3) |
£111,600 (2) |
01/04/2023 |
| Totals |
839.08 sq m |
(9,032 sq ft) |
|
|
£111,600 (2) |
|
(1) The lease is on full repairing and insuring terms, subject to an arrangement during the period where the Government or a Government Department is the tenant where generally the Government will be self-insuring, i.e. there is no requirement for the tenant to insure and no entitlement for the landlord to insure. Where those circumstances apply, the Government Department assumes the risk of repair and reinstatement as set out in part 9 of the schedule to the lease.
(2) The lease provides for a rent free period from 1st April 2018 until 31st December 2019. The seller will pay the buyer monies equivalent to £111,600 per annum exclusive from completion of the sale until the end of the rent free period. Therefore, the property will produce £111,600 per annum exclusive from the completion of the sale.
(3) The lease was extended and the lease provisions varied as from 1st April 2018.
