HSBC Bank 64 High Street Newcastle-under-Lyme Staffordshire ST5 1QN

HSBC Bank
64 High Street
Newcastle-under-Lyme
Staffordshire
ST5 1QN

Freehold Bank Investment

  • Entirely let to HSBC Bank Plc
  • Tenant did not exercise their September 2016 Break Option
  • Prominent position on prime pedestrianised retail thoroughfare
  • Tenant option to renew for an additional 15 years from expiry of the existing lease
  • Nearby occupiers include Boots the Chemist, WH Smith, McDonald’s, Superdrug, Laura Ashley and Caffe Nero
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    40
  • Auction
    13th October 2016
  • Rent
    £70,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £825,000
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On behalf of Receivers JLL
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Bank Investment

  • Entirely let to HSBC Bank Plc
  • Tenant did not exercise their September 2016 Break Option
  • Prominent position on prime pedestrianised retail thoroughfare
  • Tenant option to renew for an additional 15 years from expiry of the existing lease
  • Nearby occupiers include Boots the Chemist, WH Smith, McDonald’s, Superdrug, Laura Ashley and Caffe Nero
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 40
  • Auction 13th October 2016
  • Rent
  • Status Sold
  • Price £825,000
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On behalf of Receivers JLL

Property Information

Location
Miles
36 miles south of Manchester, 42 miles north of Birmingham
Roads
A34, A50, A53, M6
Rail
Stoke-on-Trent Railway Station
Air
Manchester Airport
Situation

Newcastle-under-Lyme is equidistant between Manchester and Birmingham and is just 2 miles east of the University of Keele. The property is prominently situated on the south side of the pedestrianised High Street adjacent to The Roebuck Centre, which houses retailers including Boots the Chemist, Argos, Iceland and Lloyds Bank. Other nearby occupiers include WH Smith,
McDonald's, Superdrug, Laura Ashley and Caffe Nero.

Tenure

Freehold.

Location
Miles
36 miles south of Manchester, 42 miles north of Birmingham
Roads
A34, A50, A53, M6
Rail
Stoke-on-Trent Railway Station
Air
Manchester Airport
Situation

Newcastle-under-Lyme is equidistant between Manchester and Birmingham and is just 2 miles east of the University of Keele. The property is prominently situated on the south side of the pedestrianised High Street adjacent to The Roebuck Centre, which houses retailers including Boots the Chemist, Argos, Iceland and Lloyds Bank. Other nearby occupiers include WH Smith,
McDonald's, Superdrug, Laura Ashley and Caffe Nero.

Tenure

Freehold.

Description

The property comprises a ground floor banking hall with ancillary accommodation in the basement, first and second floors. The third floor has restricted access and is not currently used.

VAT

VAT is not applicable to this lot.

Note

This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Viewings

There will be a single block viewing for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Will Moore. Email: will.moore@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 banking hall with ancillary accommodation in the basement, first and second floors. The third floor has restricted access and is not currently used.

VAT

VAT is not applicable to this lot.

Note

This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Viewings

There will be a single block viewing for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Will Moore. Email: will.moore@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 (Approx) Tenant Term Rent p.a.x Review/Reversion
  Basement
Ground
First
Second
Third
Ancillary
Banking Hall/Ancillary
Ancillary
Ancillary
78.22 sq m
249.53 sq m
95.78 sq m
88.81 sq m
Not measured
(842 sq ft)
(2,68 6 sq ft)
(1,03 1 sq ft)
(956 sq ft)
(Restricted access)
HSBC BANK
PLC (1)
15 year s from
2 8/09/2006 on a full
repairing and insuring
lease (2)
£70,000 28/09/2016
(27/09/2021)
  TOTALS   512.34 sq m (5,515 sq ft)     £70,000  

1) For the year ending 31st December 2015, HSBC Bank Plc reported pre-tax profits of £2,969,000,000 and a total net worth of £30,486,000,000 (Source: Experian Group 03/08/2016).
(2) The lease is subject to a schedule of condition.

Property Documents

  • Site Plan
    Updated Date
    21.09.16
    File Size
    129 KB
    View PDF
  • Catalogue Page
    Updated Date
    21.09.16
    File Size
    649 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Shoosmiths 7th Floor, 125 Colmore Row
Birmingham
B3 3SH
+44 (0)3700 864001
Aaron Harlow +44 (0)3700 864219aaron.harlow@shoosmiths.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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