The Three Tuns Coaching Inn
29 8월 2006 - 11:13PM
UK Regulatory
Innobox Plc (the "Company")
Conversion of site to tenancy
29 August 2006
The Company is pleased to announce that on 25 August 2006 , it signed an
agreement on The Three Tuns Coaching Inn at Pettistree converting it from a
managed public house to a tenanted public house.
The tenancy agreement is for a period of three years and will provide the
Company's 100 per cent. subsidiary, Innobox Hotels Limited, with an annual
rental income of �34,800. At completion, the tenants paid one month's rent in
advance and a bond deposit equal to three months rent. At the end of the three
year lease, a review will be conducted to either renew the tenancy or find an
alternative option for the site.
Enquiries:
Russell Stevens 07860 562621
Chief Executive, Innobox Plc russell@innobox.co.uk
Richard Morrison 020 7601 6115
Hanson Westhouse LLP richard.morrison@hansonwesthouse.com
END
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