Lease / Term
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The ground floor retail premises is let on a lease for a term of 15 years from 15th October 2021 at a passing rent of £23,000 pax. There is an option for the tenant to terminate the lease at the end of the 5th and 10th years. The lease is subject to 5 yearly rent reviews. The first floor flat is let on an AST and is currently paying £1,200 per calender month
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Rates
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The commercial section has a Rateable Value of £21,000.
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