The property comprises 3 separate ground floor lock up retail units which are all let on 125 year leases from 1st May 2014 between Churchill Retirement Living and McCarthy Stone Office Investments Limited at a peppercorn rent Each unit has been separately underlet as follows:-
Unit 1
Let to The Serial Vapists T/A TSV E Cigarettes and Vaping on a 5 year lease (no break or review) from 18th July 2023 at a rental of £14,000 per annum with rent commencing 18th August 2023
Unit 2
Let to Charlotte Frances Hair Limited on a 5 year lease (no break or review) from 18th July 2026 at a rental of £9,000 per annum with rent commencing 18th August 2023
Unit 3
Let to MH Tech Centre Limited on a 5 year lease at a rental of £11,000 per annum with rent commencing 18th August 2023. The lease contains a break clause on 18th July 2023 with 6 months prior notice.
The underleases are all drawn on effective FRI basis subject to a service charge and all are outside of Sections 24-28 of the Landlord and Tenant Act Part II
The permitted use for the units is A1 but excluding A1(d) and A1 (f)
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