Tenancy & Accommodation
| Address |
Floor |
Use |
Floor Areas
Approx sq m |
Floor Areas
Approx sq ft |
Tenant |
Term |
Rent p.a.x. |
Reversion |
| 148 Regent House |
Basement
Ground
First -part |
Ancillary
Former-Bank
Office |
56.78
196.29
144.46 |
(611)
(2,113)
(1,555) |
BARCLAYS BANK PLC (CRN: 01026167)(1)
(Not currently in occupation) |
20 years from 27/04/2007 |
£39,000 |
26/04/2027 |
| 144-146 Regent House |
Ground |
Café |
97.03 |
(1,044) |
KLSD COMMUNITY VENTURES CIC (t/a The Dancing Cup home of Tastebuds Kitchen) (CRN: 12586707) |
6 years from 24/06/2020 |
£17,000 (2) |
23/06/2026 |
| 144-148 Regent House |
First (part) and
Second |
Leisure |
333.55 |
(3,589) |
KLSD CIC (CRN: 09724209 (t/a Karen Liddle School of Dance)) with personal guarantees(3) |
15 years from 18/09/2018 with tenant option to extend (4) |
£11,495 rising to £12,551 (4) |
17/09/2033 |
| Total Approximate Floor Area |
|
|
897.91 |
(9,663) |
|
|
£67,495 rising to £68,551 (2)(4) |
|
(1) For the year ending 31/12/2023 Barclays Bank Plc reported a Turnover of £39,123,000,000 a Pre-Tax Profit of £4,223,000,000 and a Net Worth of £59,420,000,000 (NorthRow 19/06/2023)
(2) Due to re-negotiations after the pandemic, the tenant is currently paying £11,400 per annum exclusive. However, this has not been formally documented.
(3) Established in 1987, Karen Liddle School of Dance is an inclusive, not for profit, community oriented dance school in Hartlepool (www.klsd.co.uk)
(4) As to the part first and second floors, the lease benefits from a stepped rent as follows: £11,495 per annum exclusive from 18/09/2022 to 17/09/2027, £12,069 per annum exclusive from 18/09/2027 to 17/09/2032 and £12,551 per annum exclusive from 18/09/2032 to 17/09/2033. The lease also provides for a tenant option to extend the lease for a term of 99 years, subject to agreeing lease terms.
