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The premises are currently held on the basis of a fully
repairing and insuring lease from 25 December 2005 expiring on 24 December 2015
at a current passing rental of £23 per sq ft. There is a tenants option
to break the lease at the expiration of the 5th year i.e. 25 December 2010.
Rating From internet enquires the premises are currently
rated as follows: Description: Offices and Premises. 2005 Rateable Value:
£262,500 Current Uniform Business Rate: £0.462 (expiring
31/03/2009). Current Rates Payable: £121,275.
Service Charge A service charge is payable calculated on
a pro rata basis for the building and the Mole Business Park Estate.
VAT VAT may be applicable to the letting charged at the
prevailing rate.
Legal Costs Each party to be responsible for their own
legal costs in this transaction |