Long Leasehold. Held for a term of 99 years from 25th December 1968 (approx. 45 years remaining). The lease and a deed of variation dated 7th January 1985 provides for the rent to be reviewed every 14 years (excluding extensions to the restaurant. The current ground rent of £37,064 pa was effective from last rent review dated 24th June 2012 with the next review being June 2026.

Please note that the floor areas have been provided by the client and the property has not been inspected by Savills

Approximate Floor Areas

120 Hagley Road

Ground - Retail/Ancillary - 301.10 sq m (3,244 sq ft)

122 Hagley Road

Ground - Retail/Ancillary - 60.60 sq m (652 sq ft)

124 Hagley Road

Ground - Retail/Ancillary - 61.10 sq m (335 sq ft)

126 Hagley Road

Ground - Retail/Ancillary - 96.00 sq m (1,033 sq ft)

1 Heath Road

Ground - Reception/Entrance - 10.30 sq m (111 sq ft)

Basement - Storage - 23.70 sq m (255 sq ft)

First Floor - Restaurant/Ancillary - 340.40 sq m (3,664 sq ft)

Total Approximate Floor Area

832.10 sq m (9,294 sq ft)

120 Hagley Road

Let to Avanti Fitted Kitchens Limited on a 7 year lease from 16/11/2017 at a rent of £20,250 pa

122 Hagley Road

Let to Secore - IT Doors Limited on a 3 year lease from 08/06/2016 (holding over) at a rent of £12,000 pa

124 Hagley Road

Let to Bliss & Bliss Hair Limited on a 12 year lease from 13/10/2019 at a rent of £12,000 pa

126 Hagley Road

Let to 19th Century Interiors limited t/a Bathrooms Unlimited on a 5 year lease from 24th June 2019 at a rent of £14,000 pa - the lease has been agreed and is in solicitors hands but has not yet been completed.

1 Heath Road

Let to Individuals trading as Raj Rasoi Royal Indian Cuisine on a 15 year lease from 25/09/2017 at a rent of £20,000 pa

Total Gross Rent £78,250 pa

Please note that some rents may be inclusive of service charge. Please refer to the legal pack for full details.