Tenancy & Accommodation
| Building |
Floor |
Use |
Floor Areas
Approx sq m (1) |
Floor Areas
Approx sq ft (1) |
Tenant |
Term |
Rent p.a.x. |
Reversion |
| Unit 803 |
Ground & Mezzanine |
Workshop |
182.09 |
(1,960) |
HANDMADE SHAKER KITCHENS LTD (CRN: 11376894) t/a Olive and Barr (2) |
5 years from 28/02/2024 |
£15,000 (3) |
29/02/2029 |
| Unit 804 |
Ground
Mezzanine |
Workshop
Workshop |
96.95
56.99 |
(1,044)
(613) |
AN INDIVIDUAL t/a J Motors Limited |
5 years from 23/10/2022 |
£13,500 (4) |
24/10/2027 |
| Unit 805 |
Ground |
Workshop |
144.12 |
(1,551) |
AN INDIVIDUAL t/a J Motors Limited |
5 years from 31/12/2022 |
£13,000 (5) |
01/01/2028 |
Total Approximate
Floor Area |
|
|
480.15 |
(5,168) |
|
|
£41,500 |
|
(1) The floor areas for Units 804 and 805 stated above are those published by the Valuation Office Agency (https://www.tax.service.gov.uk/business-rates-find/results)
(2) As to Unit 803, Handmake Shaker Kitchens Limited are a bespoke kitchen design company with showrooms in London, Malvern, Elkstone and Bristol (www.oliveandbarr.com). The lease is subject to a tenant option to determine the lease on 28/02/2027. The lease is also subject to a rent free period from the commencement of the term until 31/05/2024. The Seller will pay the Buyer a sum of money equivalent to the rent that would have been paid by the Tenant in the absence of the rent free period.
(3) As to Unit 803, a rent deposit of £4,500 is held by the Landlord.
(4) As to Unit 804, a rent deposit of £2,250 is held by the Landlord.
(5) As to Unit 805, a rent deposit of £2,166 is held by the Landlord.
