Fitted Former Casino Premises Available by Way of Assignment
Description
Description
The subject premises form part of Marine Point which is anchored by a 69,000 sq ft Morrison's food store, Travel Lodge Hotel, The Light 8 screen cinema and restaurants including Bella Italia, Hungry Horse, Pizza Express, Burger King and Loungers.
Accommodation
The premises comprise the approximate floor areas below:
Lease Term
25 Year lease expiring in November 2036 subject to 5 yearly rent reviews, the next being in November 2021. The rent review is to the greater of Open Market Value or index linked compounded annually to RPI with 4% cap and 2.5% collar.
Costs
Each party is responsible for their own legal and other professional costs incurred in the transaction.
Rates
We are verbally informed by the Local Rating Authority that the premises have been assessed for rating purposes as shown above.
Interested parties are advised to make their own enquiries to the Local Authority.
Service Charge
The current on account service charge is £39,474.48.
Viewing
Strictly by appointment.
Name | sq ft | sq m | Availability |
---|---|---|---|
Ground | 2,462 | 228.73 | Available |
1st | 21,939 | 2,038.20 | Available |