Leasehold Terms. If this Security Instrument is on a leasehold, Borrower will comply with all the provisions of the lease. If Xxxxxxxx acquires fee title to the Property, the leasehold and the fee title will not merge unless Xxxxxx agrees to the merger in writing.
Leasehold Terms. If I do not own but am a tenant on the Property, I will fulfill all my obligations under my lease. I also agree that, if I subsequently purchase or otherwise become the owner of the Property, my interest as the tenant and my interest as the owner will remain separate unless Xxxxxx agrees to the merger in writing.
Leasehold Terms. A. DEFINITIONS (AMA 2.1 S) The following words in this Exhibit B have the significance attached to them in this clause unless otherwise apparent from context:
Leasehold Terms. We are instructed to market for sale our clients long leasehold interest. The leasehold is for a period of 150 years running from 27th July 2015 until 26th July 2165. The current passing rent is £484,950 pa with the next rent review due 27/07/2025 (5 yearly). Full details of leasehold available on request. SUB TENANCIES Address Floor Areas (sq ft) Total NIA (sq ft) Tenant Commencement Date Expiry Date Rent Passing (£ pa) Comments 67/00 Xxxxxxxxxxx Xx. Ground Floor - 18,615 Basement - 20,067 1st Floor - 15,763 2nd Floor - 16,032 3rd Floor - 1,829 72,306 Vacant 66/00 Xxxx Xxxxxx Ground Floor - 8,178 Basement - 8,447 1st Floor - 6,833 2nd Floor - 8,285 3rd Floor - 8,339 40,082 Vacant 00 Xxxxxxxxxxx Xxxxxx Ground Floor - 1,560 1st Floor - 646 2,206 Giftshub Ltd. 01/10/2022 Mutual break rolling 27,000 Tenant has signed the new agreement Formal to sign to complete 00 Xxxxxxxxxxx Xxxxxx Ground Floor - 3,443 1st Floor - 5,165 2nd Floor - 6,725 15,333 Giftsford- decoration Ltd 01/10/2022 Mutual break rolling 36,000 Tenant has signed the new agreement Formal to sign to complete 00 Xxxxxxxxxxx Xxxxxx Ground Floor - 915 Basement (Sales) - 5,595 6,510 Mountain Warehouse 01/02/2016 31/01/2026 72,500 TOTAL CURRENT INCOME 135,500 Formal Investments obtained detailed planning consent for a mixed use development including circa 13,000sqm office development, and retail and commercial space at the end October 2017 (Planning App No: 16/02028/DC). This consent has been extended through emergency Coronavirus Planning Regulations and remains extant until 31st March 2023. In 2021 Formal Investments acquired interest from a retail occupier with specific occupational requirements. Given the lack of an original decision notice for the building pre-dating BHS occupation, for good practice Formal Investments applied for Class 1 use to ascertain fresh certainty on matters related to use, hours of occupation, servicing etc. This application (Planning App No:21/00612/FUL) was consented on 4th June 2021. In terms of future development, the site is a key regeneration opportunity and will be suitable for a variety of uses. The reimagination of Sauchiehall Street remains a priority for Glasgow City Council, who will be keen to engage positively. For any planning enquiries please contact the planning agent Xxxxxx Xxx, Ryden, xxxxxx.xxx@xxxxx.xx.xx, 07894 605 375 8 Planning Glasgow City Centre INVERNESS ABERDEEN PERTH STIRLING DUNDEE GLASGOW EDINBURGH 67-97 Floor Plans F-S 3060 F-BH 1805 DP F-B...
