Office Under Offer
A 2 storey office building with net internal floor areas as follows:-
Ground Floor 1,002 sq ft 93.1 sqm
First Floor 1,130 sq ft 105.0 sqm
Total 2,132 sq ft 198.1 sqm
The tenant has recently installed LED lighting. The property has gas central heating. There are 8 allocated parking spaces.
Please note, the tenant has recently expanded into number 8 and has made openings linking the buildings on both levels.
Our client holds the property on a 125 year lease from 30th September 1988 at a fixed ground rent of £200 per annum.
The property is sub-let on a full repairing and insuring lease to OSI Maritime Systems (UK) Ltd to 30th November 2040 at a rent of £16,000 per annum exclusive rising to £18,000 from 2nd February 2022.
Upwards only rent reviews 1st December 2025 and 5 yearly subject to a minimum of 110% of the rent payable prior to the relevant review date.
OSI Martime Systems (UK) Ltd has been in occupation since 2014. All rent payments are up to date. OSI provides an impressive range of services to Navies throughout the world (see osimaritime.com).