• Current annual rent £15,000 increasing to £20,000
• Tennant is a well-known organisation
• Substantial detached freehold premises
Substantial detached freehold premises with a current annual rent of £15,000 increasing to £20,000, well-known organisation as a tennant, sought after location. Ref:43922
The property is located in a highly desirable and affluent residential area in the West Midlands.
The current tenants have come to the end of the current lease which is now being renewed on a yearly basis. The current annual rent is £15,000 plus maintenance and service charge which covers insurances and any costs to the building. There is a rent review due in 2016-17 with a proposed annual rent of £16,000 and then reviewed again annually until the market rent of £18,000 - £20,000 has been achieved.
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