Currently let and occupied by Castle Rock Brewery producing £52,099 Per Annumwith an outstanding Rent Review (March
2022). Current passing rent reflects £2.30/ ft2 with reversionary growth possible.
• Potential redevelopment of the site or reuse of the existing building should the existing tenant vacate.
• For Sale subject to the existing leases to Castle Rock Brewery and telecommunications agreement.
In addition to the above, there is a third lease
relating to a Telecommnications mast fitted
to the tower block. The lease is for 15 years
from 2nd December 2011 and will expire
1st December 2026. There is a rent payable
of £9,550 Per Annum which is reviewed
every 5th year anniversary. This lease is
made between Floor Maintenance Services
Holding Limited (Landlord), Tynemill Limited
(Tenant) and T-Mobile Limited (Licensee); we
understand that Tynemill receive the whole
rent as part of this agreement.