Tenancy & Accommodation
| Floor |
Use |
Floor Areas
(Approx) |
Tenant |
Term |
Rent p.a.x |
Reviews/
(Reversion) |
Ground
First
Second |
Banking Hall
Ancillary
Ancillary |
54.14 sq m
28.02 sq m
17.25 sq m |
(582 sq ft)
(302 sq ft)
(186 sq ft) |
BANK OF
SCOTLAND PLC
(1) t/a Halifax |
15 years from
10/12/2012 on a
full repairing and
insuring lease |
£25,000 (2) |
10/12/2022
(09/12/2027) |
Total
|
99.41 sq m |
(1,070 sq ft) |
|
|
£25,000 (2) |
|
(1) For the year ending 31st December 2020, Bank of Scotland Plc reported a turnover of £773,000,000, pre-tax profits of £883,000,000 and shareholder funds of £13,380,000,000 (Source NorthRow 17/05/2021).
(2) The property is let for a term of 15 years from 10/12/2012 by virtue of a Reversionary lease from 10th December 2022 until 9th December 2027. The current rent reserved under the terms of the lease is £25,000 per annum exclusive. The tenant is currently benefiting from a rent concession of £16,666.64 per annum exclusive from 25th March 2021 to and including 28th September 2022. The Seller will pay the Buyer the difference between the current rent reserved of £25,000 per annum exclusive and the concessionary rent of £16,666.64 per annum exclusive from completion of the sale until 24th March 2021. Therefore the property will produce £25,000 per annum exclusive from completion of the sale.
