Property Description

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
Insurance: Tenant to refund share of Landlords’ buildings insurance premium, including for three years loss of rent

SERVICES
Main electricity, water and drainage are connected.
Electric heating

EPC
EPC band D

OUTGOINGS
The Rateable value is £9,700.
Rateable value will be less than £12,000 so if occupier complies with Small Business Rate Relief no business rates will be payable.

REFERENCES
Bank, trade, accountants, and personal references will be required

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.

VIEWING
Strictly by prior appointment with the sole letting agents