Tenancy & Accommodation
Floor |
Use |
Floor Areas Approx sq m |
Floor Areas Approx sq ft |
Tenant |
Term |
Rent p.a.x. |
Review/(Reversion) |
Ground Lower Ground First (Part) Second (Part) |
Retail Ancillary Ancillary Ancillary |
127.70 25.60 15.20 16.90 |
(1,375) (275) (163) (181) |
B BHATTI LTD (CRN 13554291) t/a EGG FREE CAKE BOX (CRN 06861652 )
(1) |
10 years from 08/02/2022 (2) |
£24,000 (2) |
08/02/2027 Minimum increase to £27,000 Per Annum Exclusive (2) (07/02/2032) |
First (Part) |
Office |
45.50 |
(490) |
ROCKPHONIX Limited (CRN 12401148) (3) |
5 Years from 17/02/2020 |
£4,000 |
(07/02/2025) |
Second (Part) Third |
Office Office |
45.60 36.30 |
(490) (391) |
INDIVIDUALS |
14 years from 01/11/2015 until 31/10/2029 (6) |
£3,000 |
Rent Review at 01/11/2024 fixed to £3,500 (4) (6) (31/10/2029) |
Total Approximate Floor Area |
|
312.80 |
(3,365) (5) |
|
|
£31,000 |
|
(1) B Bhatti Limited (CRN 13554291) was incorporated on 08/08/2021 and is a franchisee of Egg Free Cake Box (CRN 06861652) was incorporated in 2009. The company now operates from 175 locations nationwide (www.eggfreecake.co.uk).
(2) As to the retail unit, the lease provides for a tenant option to determine the lease on 7th February 2027 on serving 6 months written notice and the lease provides for a fixed rental increase to a minimum of £27,000 per annum exclusive 14/02/2027. The lease also provides for the tenant to pay £12,000 per annum exclusive from 14/06/2022 to 14/12/2022. The seller is holding a £6000 rent deposit.
(3) Rockphonix Limited (CRN 12401148) was incorporated on 13th January 2020. The seller is holding a rent deposit of £1000
(4) As to the second and third floor offices, the lease provides for a fixed rental increase to £3,500 per annum exclusive on 01/11/2024).
(5) The floor area stated above are those published by the Valuation Office Agency at www.VOA.gov.uk
(6) As to the Second and Third floors, the lease term stated above is by virtue of 3 sequential leases, A reversionary lease for a term of 5 years from 01/11/2024 until 16/09/2029 provides for the rent to be increased to £3500 per annum exclusive