Floor | Accommodation | Tenancy | Rent (£pa) |
Ground First Second | Bar/nightclub, ancillary/storage, WCs One bedroom flat, office, ancillary/storage Ancillary/storage | Let to an individual t/a The Riverbank for a term expiring 26/03/2025. A reversionary new lease has been signed for a term of 10 years from 27/03/2025 (1) | £24,000 (2) |
Total | 592 sq m (6,370 sq ft) | £24,000 (2) |
(1) There is a tenant's break clause and an upwards only rent review at the end of the fifth year of the new lease.
(2) The new lease includes a three month rent free period. This will be structured as £1,500 + VAT per month for the 12 month period commencing on 23.05.2024 and thereafter reverting to £2,000 + VAT per month. The rent free will be topped up by the Seller on completion.
(3) The auctioneers have not measured the property. All floor areas have been obtained from the EPC.