Tenancy & Accommodation
| Floor |
Use |
Floor Areas
(Approx) |
Tenant |
Term |
Rent p.a.x |
Review/
(Reversion) |
Warehouse
Office |
Industrial/Warehouse
Offices |
836.47 sq m
422.65 sq m |
(9,004 sq ft)
(4,549 sq ft) |
ASHTEAD
TECHNOLOGY
LIMITED (1) |
16 years from
27/06/2012 to
26/06/2028 (3) |
£209,311.50 (2) |
26/06/2022,
26/06/2027 |
Total
|
1,259.12 sq m |
(13,553 sq ft) |
|
|
£209,311.50 |
|
(1) Ashtead Technology limited was founded in 1985. With 9 regional hubs and 190 employees, the company has become a world-leading, independent subsea equipment solutions specialist providing rental and sale of survey and ROV equipment. Further information can be found at www.ashtead-technology.com. For the year to 31/12/2019, Ashtead Technology Limited reported a turnover of £22,446,000, a pre tax profit of £5,340,000 and a Net Worth of £33,884,000 (Source: NorthRow 08/04/2021)
(2) There are five yearly upward only rent reviews to the greater of 2.5% per annum compounded or open market rental value. The minimum rent at the next rent review on 26/06/2022 is £236,815.61 per annum and on 26/06/2027 is £267,935.12 per annum.
(3) The tenant has an option to extend the lease to 26/06/2033 at a rent of £303,144 per annum subject to providing the landlord with 9 months prior written notice.
