Tenancy & Accommodation
| Floor |
Use |
Gross Internal Floor Areas
Approx sq m (1) |
Gross Internal Floor Areas
Approx sq ft (1) |
Tenant |
Term |
Rent p.a.x. |
Rent Review |
| Ground |
Trade Counter/Ancillary |
697.05 |
(7,503) |
ALLIANCE AUTOMOTIVE UK CV LIMITED (t/a CV Components) (2) |
10 years from 13/07/2022 on a full repairing and insuring lease (3) |
£40,000 (4) |
13/07/2027 (5) |
| Total |
|
697.05 |
(7,503) |
|
|
£40,000 (4) |
|
(1) Areas provided by VOA (https://www.tax.service.gov.uk/business-rates)
(2) The Alliance Automotive UK Limited were founded in 1998 and now trade from over 200 locations across the UK, servicing customers with parts and accessories for Light and Commercial Vehicles (www.allianceautomotive.co.uk). For the year ending 31/12/2021, Alliance Automotive UK CV Limited reported an annual turnover of £55,538,631, a pre-tax profit of £2,660,787 and a net worth of £5,093,519 (D&B Finance Analytics Report)
(3) The lease is full repairing and insuring, subject to a Schedule of Condition.
(4) The tenant is paying half rent (£20,000 pax) until 12/03/2024, after which the rent rises to £40,000 p.a.x. The Seller will pay the Buyer the total rent that would have been due from Completion of the sale until 12/03/2024.
(5) Rent reviewed to the higher of open market or RPI.
