Tenancy & Accommodation
Building |
Floor |
Use |
Floor Areas Approx sq m (1) |
Floor Areas Approx sq ft (1) |
Tenant |
Term |
Rent p.a.x. |
Rent Review (Reversion) |
Unit 3 |
Ground |
Office |
467.82 |
(5,036) |
THE FAMILY FUND TRUST FOR FAMILIES WITH SEVERELY DISABLED CHILDREN (cn: 1053866) (2) |
11 years from 27/03/2019 (3) |
£70,850 |
25/03/2025 (27/03/2030) |
Unit 3 |
First |
Office |
462.62 |
(4,979) |
VACANT POSSESSION |
- |
- |
- |
Unit 4 |
Ground First |
Office Office |
340.09 342.65 |
(3,661) (3,688) |
THE FAMILY FUND TRUST FOR FAMILIES WITH SEVERELY DISABLED CHILDREN (2) (cn: 1053866) |
10 years from 25/03/2020 (4) |
£106,875 |
25/03/2025 (25/03/2030) |
Unit 6 |
Ground First |
Office Office |
511.09 587.19 |
(5,501) (6,320) |
BDW TRADING LIMITED (crn: 03018173) (5) |
10 years from 06/05/2022 (6) |
£154,000 |
05/05/2027 (25/03/2032) |
Unit 5 |
Ground First |
Office Office |
330.40 337.03 |
(3,556) (3,628) |
THE CURZON CORPORATION LIMITED |
250 years from 10/09/2007 |
Peppercorn |
- |
Unit 7 |
Ground |
Office |
232.65 |
(2,504) |
THE GUIDE ASSOCIATION TRUST CORPORATION |
250 years from 20/04/2006 |
Peppercorn |
- |
Unit 7 |
First |
Office |
232.65 |
(2,504) |
STANDARD LIFE TRUSTEE CO.LIMITED |
999 years from 10/09/2010 |
Peppercorn |
- |
Total Approximate Floor Area |
|
|
3,844.19 |
(41.377) |
|
|
£331,725 (3) |
|
(1) The floor areas stated above are those published by the Valuation Office Agency (https://www.tax.service.gov.uk/business-rates-find/results)
(2) The Family Fund Trust for Families with Severely Disabled Children Family Fund Trading Limited (Charity Number: 1053866) are the UK's largest grant-making charity for families raising a disabled or seriously ill child, on a low income. For the year ending 31/03/2022 the charity reported a total income of £43,617,000. For more information please visit: https://register-of-charities.charitycommission.gov.uk/charity-search/-/charity-details/1053866
(3) As to Unit 3 (Ground Floor), the lease provides for a tenant option to determine the lease on 24/03/2025. Should the tenant exercise their option to determine the lease, they are subject to pay a break fee of two months rent (£11,808.33 +VAT). The tenant has an option to renew the lease for 5 years until 2035 by providing not more than 12 months and not less than 6 months notice before the end of the term, the annual rent shall be subject to an open market rent review.
(4) As to Unit 4, the occupational lease provides for a tenant option to determine the lease on 24/03/2025
(5) BDW Trading Limited (CRN: 03018173) is the northern divisional office for Barratt Developments, one of the nations leading housebuilders. For the year ending 30/06/2022, BDW Trading Limited reported a turnover of £5,126,982,000, pre-tax profits of £642,456,000 and a net worth of £3,970,404,000 (Northrow Company Report - 07/06/2023).
(6) As to Unit 6, the lease provides for a tenant option to determine the lease on 05/05/2028. Should the tenant exercise their option to determine the lease, they are subject to pay a break fee of £25,666 +VAT. Should the tenant NOT exercise their option to determine the lease, the rent payable for the period between 06/05/2028 to 05/07/2028 shall be a peppercorn