Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
10 miles south of Great Yarmouth, 27 miles south-east of Norwich
Roads
A12, A146, A11, M11
Rail
Lowestoft Railway Station
Air
Norwich International Airport
Situation
The property is prominently situated on the eastern side of London Road North, a busy pedestrianised retail thoroughfare in the town centre. The property sits opposite Beales Department Store and also benefits from being nearby two NCP car parks which serve the town centre. Other nearby occupiers include Tesco Metro, Clarks, William Hill, Bonmarché and Poundstretcher.
Tenure
Freehold.
Location
Miles
10 miles south of Great Yarmouth, 27 miles south-east of Norwich
Roads
A12, A146, A11, M11
Rail
Lowestoft Railway Station
Air
Norwich International Airport
Situation
The property is prominently situated on the eastern side of London Road North, a busy pedestrianised retail thoroughfare in the town centre. The property sits opposite Beales Department Store and also benefits from being nearby two NCP car parks which serve the town centre. Other nearby occupiers include Tesco Metro, Clarks, William Hill, Bonmarché and Poundstretcher.
Tenure
Freehold.
Description
The property, a corner unit, comprises a ground floor banking hall with first floor office and ancillary accommodation.
SIX WEEK COMPLETION
Buyer's Legal 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.
Viewings
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Henry Wilkinson. Telephone: +44 (0)20 7034 4861.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property, a corner unit, comprises a ground floor banking hall with first floor office and ancillary accommodation.
SIX WEEK COMPLETION
Buyer's Legal 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.
Viewings
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Henry Wilkinson. Telephone: +44 (0)20 7034 4861.
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
Ground First
Banking Hall Ancillary
195.27 sq m 152.15 sq m
(2,102 sq ft) (1,638 sq ft)
BANK OF SCOTLAND PLC (1) (t/a Halifax)
15 years from 08/12/2008 until 08/12/2023 on a full repairing and insuring lease
£43,000
08/12/2018
Totals
347.42 sq m
(3,740 sq ft)
£43,000
(1) For the year ending 31/12/2014, Bank of Scotland plc reported pre-tax profits of £3,180,000,000 and a total net worth of £20,420,000,000. (Source: www.riskdisk.com 05/06/2015)
