Tenant break option in September 2017 not exercised
Imminent Upward Only Rent Review – September 2017
Attractive Period Building Comprising approximately 7,315 sq ft
Adjacent to Merrywalks Shopping Centre and close to McDonald's, Poundland, WHSmith and branches of HSBC and Barclays banks
Prosperous and attractive Gloucestershire market town
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 8
Auction 25th May 2017
Rent
Status Withdrawn Post
Price
Sector Bank
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
9 miles south of Gloucester, 32 miles north-east of Bristol
Roads
A417, A419, M5 (Junction 13)
Rail
Stroud Railway Station
Air
Bristol Airport
Situation
The property is situated on the northern side of Rowcroft, which connects to the pedestrianised King Street, in the heart of Stroud town centre. The property is adjacent to the Merrywalks Shopping Centre, which houses retailers including Wilko, Argos, New Look, and Home Bargains. Other nearby occupiers include Poundland, McDonald's, M&Co, Savers and branches of HSBC and Barclays banks.
Tenure
Freehold.
Location
Miles
9 miles south of Gloucester, 32 miles north-east of Bristol
Roads
A417, A419, M5 (Junction 13)
Rail
Stroud Railway Station
Air
Bristol Airport
Situation
The property is situated on the northern side of Rowcroft, which connects to the pedestrianised King Street, in the heart of Stroud town centre. The property is adjacent to the Merrywalks Shopping Centre, which houses retailers including Wilko, Argos, New Look, and Home Bargains. Other nearby occupiers include Poundland, McDonald's, M&Co, Savers and branches of HSBC and Barclays banks.
Tenure
Freehold.
Description
The property comprises a ground floor bank with ancillary accommodation on the basement floor. The property benefits from secure parking to the rear for four vehicles.
VAT
VAT is not applicable to this lot.
Note
There will be a single block viewing for this property on Wednesday 17th May. Interested parties must register their details by midday Monday 15th May. Please contact George Watkins. T: +44 (0)20 7034 4861. E: george.watkins@acuitus.co.uk
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor bank with ancillary accommodation on the basement floor. The property benefits from secure parking to the rear for four vehicles.
VAT
VAT is not applicable to this lot.
Note
There will be a single block viewing for this property on Wednesday 17th May. Interested parties must register their details by midday Monday 15th May. Please contact George Watkins. T: +44 (0)20 7034 4861. E: george.watkins@acuitus.co.uk
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (2) (Approx)
Tenant
Term
Rent p.a.x
Review
Ground Ground Basement
Banking Hall Offices Ancillary
321.82 sq m 159.70 sq m 198.07 sq m
(3,464 sq ft) (1,719 sq ft) (2,132 sq ft)
LLOYDS BANK PLC (1)
10 years from 29/09/2012 until 28/09/2022 on a full repairing and insuring lease
£59,000
29/09/2017
Total
679.59 sq m
(7,315 sq ft)
£59,000
(1) For the year ending 31st December 2016, Lloyds Bank Plc reported pre-tax profits of £1,977,000,000 and a total net worth of £47,806,000,000 (Source: Experian Group 25/04/2017). (2) Floor areas agreed between the vendor and Lloyds Bank in 2011.