Commercial Lease Opportunity in Farringdon – £19,000 Annual Rental Surplus with Potential to Increase
An opportunity to acquire a seven-year commercial lease in the Farringdon area, with the possibility of extending the lease, subject to agreement. The premises are currently occupied by a subtenant, although vacant possession is also possible, offering flexibility for those looking to occupy the premises for their own business.
The existing subletting arrangement provides an annual rental surplus of £19,000. This represents the difference between the rent payable to the freeholder and the rent received from the subtenant, before any other applicable costs.
There is also potential to increase the subtenant’s rent by £3,000 per year, with a rent review already agreed. Once implemented, this would increase the annual rental surplus to £22,000.
With the option to retain the existing subtenant and benefit from the rental income, or take vacant possession for your own use, this opportunity may appeal to both investors and business occupiers seeking premises in Farringdon.
Contact us for further information on the lease terms, subtenancy arrangement, agreed rent review, vacant possession and potential lease extension.
