Tenancy & Accommodation
| No. |
Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Reviews |
21 |
Ground
Ground
First |
Retail
Ancillary
Showroom |
65.77 sq m
21.83 sq m
117.24 sq m |
(708 sq ft)
(235 sq ft)
(1,262 sq ft) |
INDIVIDUALS t/a IN-TOTO (1)
|
15 years from 19/03/2010
until 18/03/2025 (2) |
£35,000 (3) |
19/03/2015 and
19/03/2020
|
21a |
Ground |
Retail |
22.66 sq m |
(244 sq ft) |
ACCESSORY DEPOT
(SALISBURY) LIMITED
|
6 years from 29/04/2012 until 28/04/2018 (4) |
£7,000 |
29/04/2015
|
| |
Second |
Residential |
|
Not Measured |
INDIVIDUALS
|
12 month Assured
Shorthold Tenancy (5) |
£6,360 |
|
| |
Totals |
|
227.50 sq m |
(2,449 sq ft) |
|
|
£48,360 |
|
(1) In-toto is a national network, owned by Europe’s largest quality kitchen manufacturer, Alno/Wellmann, itself part owned by Whirlpool. In-toto trade from over 45 showrooms nationwide. (Source: www.intoto.co.uk 08/11/2012)
(2) The lease provides a tenant option to determine on the tenth anniversary of the term.
(3) For the purposes of clarification, the current rent is £32,000 p.a.x. The lease provides fixed rental increases to £34,000 p.a.x. in 2014 and is reviewed to the greater of OMRV or £35,000 p.a.x in 2015. The Seller has agreed to adjust the completion monies so that the retail unit (No.21) will effectively produce £35,000 p.a.x. from completion of the sale.
(4) The lease provides a tenant option to determine on the third anniversary of the term.
(5) The tenant is currently holding over.
