Offers in the region of £187,500 are invited for the benefit of the freehold interest. As an alternative, the shop and flat are available on a new full repairing and insuring lease for a term to be agreed at a rental of £15,000 per annum exclusive of rates with upward only reviews to be at three yearly intervals. The landlord will insure the building and then recharge any tenant the cost thereof. VAT is not applicable in this instance.