Tenancy
The property is let on an effectively full repairing and insuring lease for a term of 15 years from 19th March 2018. There are tenant break clauses and upward only rent reviews at the 5th & 10th anniversaries.
Covenant
Luxury Leisure (subsidiary of parent company Novomatic UK Ltd) is a market leading provider of slots and gaming entertainment in the UK.Boasting 82 high street and seaside gaming centres, offering the most technologically advanced slot machines and traditional fruit machines. The Turn Over for Year End 31/12/17 was£62.68m and pre-tax profit of £5.34m and Shareholders’ Funds of £19.67m
VAT
Prices and rental are exclusive of VAT if chargeable.
