Lease Terms

• Full repairing and insuring lease (by way of a service charge) on terms to be agreed.

• Current market conditions are acknowledged and the landlords are realistic to rental levels.  Accordingly they will consider any rental offers in the region of £15 per square foot for a minimum term of one year and a maximum term that expires on 28 September, 2015.  The rent agreed will be dependent on the term required and the covenant of the tenant.

• AT PRESENT THE BUILDING IS ASSESSESED FOR business rates as follows
• FIRST FLOOR
• Rateable Value with effect from 1 April 2010 : £25,750
• Rate in the £ for the period ending 31 March 2011 £0.433
• Therefore rate payable for year ending 31 March 2012 : £11,149.75
  
• PLEASE NOTE THE FIRST FLOOR CAN BE SPLIT INTO 2 SUITES & THE BUSINESS RATES PAYABLE WILL BE PRO-RATA TO FLOOR AREA
• GROUND FLOOR Suite A
• Rateable Value with effect from 1 April 2010 : £12,750
• Rate in the £ for the period ending 31 March 2011 £0.433
• Therefore rate payable for year ending 31 March 2011 : £5,520.75
• GROUND FLOOR Suite B
• Rateable Value with effect from 1 April 2010 : £16,250
• Rate in the £ for the period ending 31 March 2011 £0.433
• Therefore rate payable for year ending 31 March 2011 : £7,036.25