Property Description

The Premises
First and second floor offices in a well-situated period building, with kitchenette, cloakroom and storage
Use Class E
EPC band D

Lease Terms
A new tenant is sought on effective FRI terms for a period of 9 years with rent reviews at 3-yearly intervals
Initial Rent: £12,000 pa payable quarterly in advance
Each party to cover their own legal fees
Bank, trade, accountants and personal references required
Tenant to be responsible for refunding landlord’s premium for buildings insurance and three years loss of rent
The current rateable value is £9,700

Services
Main electricity, water and drainage are connected
Electric heating

Reservation Deposit
On agreeing to take the lease the prospective lessee will be expected to pay a reservation deposit of £1,000 – this will be refunded upon completion
Should the prospective lessee withdraw from the transaction for any reason, or amend or alter the terms agreed such that the lessor withdraws from the transaction, the lessor’s agents and solicitor’s abortive costs will be deducted from the deposit, and the balance, if any, will be refunded