{"id":10200,"date":"2024-06-20T06:58:47","date_gmt":"2024-06-20T06:58:47","guid":{"rendered":"https:\/\/scotslion.co.uk\/?page_id=10200"},"modified":"2024-06-21T14:18:56","modified_gmt":"2024-06-21T14:18:56","slug":"rightmove-280","status":"publish","type":"page","link":"https:\/\/scotslion.co.uk\/home-page\/rightmove-280\/","title":{"rendered":"Rightmove 280"},"content":{"rendered":"

Abbey Studios<\/strong><\/span><\/p>\n

Rightmove: Updated Listing<\/strong><\/span><\/p>\n

Hi Rob, below this segment\u00a0<\/strong>the new wording for 280. Hopefully a straight forward copy-and-paste. <\/strong><\/span><\/p>\n

Buddy, I am happy to put in a shift at the Rightmove coal-face if your weans are in a grump or derriere-aromatic situation. Am already keen to follow your lead and start deploying the Copilot AI, so Rightmove would be an easy enough thing to learn.<\/strong><\/span><\/p>\n

One very important point. The gross rental income on 280-Rightmove is currently quoted at \u00a316,284 per annum. That was based on the solicitors. However, once they were evicted for non-payment of rent, both\u00a0. Davie and I were keen fresh tenants into 280, so the new ones are getting a discount.<\/strong><\/span><\/p>\n

However, the potential buyer Sean is working from the \u00a316,284 number, so I will ensure that…<\/strong><\/span><\/p>\n

=> Scotslion Ltd., subsidises the wedge from day 1 for Sean and make every year of the first 5 be \u00a316,284 (\u00a31,357 pcm).<\/strong><\/span><\/p><\/blockquote>\n

But if Sean walks away, we must<\/span>\u00a0set\u00a0the ROI at figures we know will work (as they have in Argyll since 1997 and Anglia many years before that (the first PLC here)…<\/strong><\/span><\/p>\n

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8.5%<\/span> in year 1, then <\/span><\/strong><\/span><\/p>\n

8.75%<\/span> in year 2, with <\/strong><\/span><\/p>\n

9%<\/span> in year 3, followed by <\/strong><\/span><\/p>\n

9.25%<\/span> in year 4 and <\/strong><\/span><\/p>\n

9.5%<\/span> in year 5.<\/strong><\/span><\/p>\n<\/blockquote>\n

with an option from Scotlsion Ltd.,\u00a0 to renew for another 5 years at a 0.25% annual increase from 9.5% to 9.75% at the same annual rate. <\/strong><\/span><\/p>\n

It might not seem like a lot, but given the huge magnification effect that ROI % has on capitalisation value of the building, this is the difference between happily manageable and torture<\/strong><\/span><\/p>\n

With Sean it stays at \u00a316,284 per annum FROM YEAR 1 (at 9.5%) and the SAME throughout 5 years with option to renew at 5 years (no increase, the second 5 years at 9.5% as Sean is getting the uplift in the value of the building.<\/strong><\/span><\/p>\n

If Sean walks away, then we start at 8.5% (half way through that year now 1-Jan 2024 to 31-Dec 2024).<\/span><\/strong><\/p>\n

Okay, here we go…<\/span><\/strong><\/p>\n

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UPDATED RIGHTMOVE PAGE FOR ABBEY STUDIOS PLEASE…<\/strong><\/em><\/span><\/p>\n

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Key features<\/h2>\n