DATED 2 NOVEMBER 2026
Lease
(1) FELLGATE CYCLES LIMITED
(2) LINNET STUDIO LIMITED
relating to the first floor, The Office Block, Beckside Works, Tanhouse Lane, Leeds LS12 4PW
§Contents
§Prescribed clauses and ParticularsExplained in Ch. 1Explained in Ch. 10
This Lease is made on the date and between the parties stated in prescribed clauses LR1 and LR3.
| LR1 Date of lease | 2 November 2026 |
| LR2 Title number(s) | LR2.1 Landlord's title number: WYK712408. LR2.2 Other title numbers: none. |
| LR3 Parties to this lease — Landlord | Fellgate Cycles Limited (company number 09817264), whose registered office is at Beckside Works, Tanhouse Lane, Leeds LS12 4PW |
| LR3 Parties to this lease — Tenant | Linnet Studio Limited (company number 14263791), whose registered office is at Suite 9, Bramley House, Marsh Street, Leeds LS11 9PQ. Other parties: none |
| LR4 Property | the Premises, being the first floor of the Office Block at Beckside Works, Tanhouse Lane, Leeds LS12 4PW, shown edged red on the Plan, as defined in clause 1.1. In the case of a conflict between this clause and the remainder of this lease then, for the purposes of registration, this clause shall prevail. |
| LR5 Prescribed statements etc. | None |
| LR6 Term for which the Property is leased | 10 years from and including 2 November 2026 to and including 1 November 2036 |
| LR7 Premium | None |
| LR8 Prohibitions or restrictions on disposing of this lease | This Lease contains a provision that prohibits or restricts dispositions (clause 5.6). |
| LR9 Rights of acquisition etc. | None |
| LR10 Restrictive covenants given in this lease by the Landlord in respect of land other than the Property | None |
| LR11 Easements | LR11.1 Easements granted by this Lease for the benefit of the Property: Schedule 1, Part 1. LR11.2 Easements granted or reserved by this Lease over the Property for the benefit of other property: Schedule 1, Part 2. |
| LR12 Estate rentcharge burdening the Property; LR13 Application for standard form of restriction; LR14 Declaration of trust where there is more than one person comprising the Tenant | None |
The Particulars
| Building | Beckside Works, Tanhouse Lane, Leeds LS12 4PW, comprising the Works Building, the Office Block, the yard, the loading area and the car park, registered under title number WYK712408 |
| Annual Rent | £60,000 a year (subject to review under Schedule 2), exclusive of VAT, payable by equal monthly instalments (£5,000 until the Review Date) in advance on the 2nd day of each month (clause 3.1) |
| Rent Commencement Date | 2 February 2027 |
| Permitted Use | offices and a design studio, with ancillary storage |
| Review Date | 2 November 2031 (clause 4 and Schedule 2) |
| Break Date | 2 November 2031 (clause 10) |
| Deposit | £15,000 (clause 12 and Schedule 4) |
| Tenant's Proportion and Insurance Proportion | Tenant's Proportion: 50% of the Service Costs (Schedule 3). Insurance Proportion: 10% of the premium for the Building (clause 7). |
| Interest Rate | 4% a year above the Bank of England base rate from time to time |
| Plan | the plan attached to this Lease, on which the Premises are edged red and the Car Parking Spaces edged blue |
| Landlord's Solicitors | Harland Weir LLP, 4 Queen's Row, Leeds LS1 2AB (Imran Siddiqui) |
| Tenant's Solicitors | Pennington Rowe LLP, 17 Infirmary Row, Leeds LS1 2NR (Tom Hardcastle) |
THE LANDLORD AND THE TENANT AGREE as follows:
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