Entirely let to Halifax Limited until 2021 (no breaks)
Important and established English Channel Port
Prominent town centre location
Nearby occupiers include Debenhams, Superdrug, WH Smith, NatWest and Barclays Banks
Legal Title Report <a href="/media/32026/legal title report v4.pdf" target="_blank" title="Legal Title Report V4">here</a>
Lot 34
Auction 11th December 2014
Rent
Status Sold
Price £850,000
Sector Bank
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
7 miles south-west of Dover
15 miles south-east of Ashford
Roads
M20 (Junction 13), A259, A20
Rail
Folkestone Central Rail Station, Folkestone International (Eurotunnel) Station
Air
London Gatwick Airport
Situation
Folkestone is an established English Channel port located on the south Kent coast. The town benefits from a new high speed railway line between London St Pancras and Folkestone Central and the terminus of the Eurotunnel is located two miles north-west of the town centre. The property is prominently situated on the north side of Sandgate Road close to its junction with Bouverie Place and West Terrace.
Nearby occupiers include Debenhams, Superdrug, WH Smith, NatWest and Barclays Banks. The property further benefits from being close to the Bouverie Place Shopping Centre with retailers including Primark, TK Maxx, The Body Shop and Next.
Tenure
Freehold.
Location
Miles
7 miles south-west of Dover
15 miles south-east of Ashford
Roads
M20 (Junction 13), A259, A20
Rail
Folkestone Central Rail Station, Folkestone International (Eurotunnel) Station
Air
London Gatwick Airport
Situation
Folkestone is an established English Channel port located on the south Kent coast. The town benefits from a new high speed railway line between London St Pancras and Folkestone Central and the terminus of the Eurotunnel is located two miles north-west of the town centre. The property is prominently situated on the north side of Sandgate Road close to its junction with Bouverie Place and West Terrace.
Nearby occupiers include Debenhams, Superdrug, WH Smith, NatWest and Barclays Banks. The property further benefits from being close to the Bouverie Place Shopping Centre with retailers including Primark, TK Maxx, The Body Shop and Next.
Tenure
Freehold.
Description
The property comprises a ground floor banking hall with office and ancillary accommodation on the first and second floors. Additionally, the property benefits from customer meeting rooms on part of the first floor and further ancillary accommodation in the basement.
Legal Title Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor banking hall with office and ancillary accommodation on the first and second floors. Additionally, the property benefits from customer meeting rooms on part of the first floor and further ancillary accommodation in the basement.
Legal Title Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
Basement Ground First Second
Ancillary Banking Hall Office/Ancillary Office/Ancillary
15 years from 03/10/2006 until 2021 on a full repairing and insuring lease
£75,000
03/10/2016
Totals
589.00 sq m
(6,339 sq ft)
£75,000
(1) Halifax Limited (formerly Halifax plc) was established in 1852 and currently trades from approximately 800 branches in the UK and are ultimately owned by Lloyds Banking Group plc (www.halifax.co.uk 10/11/2014).