Tenancy | The property is let in its entirety to Transform Medical Group (CS) Ltd on a lease expiring 10th November 2016 at a current rent of £60,000pa, reflecting a rental level of £14.51 per sq ft. |
Covenant Information | The Tenant’s principal activity is Cosmetic Surgery and related procedures. For the last 3 years, the tenant has reported the following financial results: |
| | Y/E | 30/09/2010
£ | 30/09/2009
£ | 30/09/2008
£ | | Turnover | 36,265,000 | 37,932,000 | 41,427,000 | | Pre Tax Profit | 504,000 | 2,583,000 | 4,852,000 | | Net Worth | 8,778,000 | 38,975,000 | 36,347,000 |
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VAT | The purchase of the property will be subject to VAT, although it is anticipated the sale will be by way of a transfer of a going concern (TOGC). |
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