Predominantly let to National Westminster Bank plc until 2026 (no breaks)
Fixed minimum rental increase in 2021
Includes maisonette flat on part first and second floors
Planning permission (now expired) to convert upper parts to 2 residential flats (subject to consents)
Prominent position in a popular Peak District Tourist Destination
Nearby occupiers include Lloyds Pharmacy, Post Office and Spar
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 31
Auction 7th July 2016
Rent £22,600 per Annum Exclusive
Status Withdrawn Post
Price
Sector Bank
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
Property Information
Location
Miles
10 miles south-west of Sheffield, 12 miles north-west of Chesterfield, 31 miles south-east of Manchester
Roads
A6, A61, A623, A6187, M1
Rail
Hathersage Railway Station
Air
Manchester Airport
Situation
Hathersage is an attractive village in the popular Hope Valley region of the Peak District. The property is situated in a conservation area and in a prominent position on the A6187 Main Road. Nearby occupiers include Lloyds Pharmacy, Post Office and SPAR with other numerous boutique delis, cafés and independent retailers catering to the tourist industry.
Tenure
Freehold.
Location
Miles
10 miles south-west of Sheffield, 12 miles north-west of Chesterfield, 31 miles south-east of Manchester
Roads
A6, A61, A623, A6187, M1
Rail
Hathersage Railway Station
Air
Manchester Airport
Situation
Hathersage is an attractive village in the popular Hope Valley region of the Peak District. The property is situated in a conservation area and in a prominent position on the A6187 Main Road. Nearby occupiers include Lloyds Pharmacy, Post Office and SPAR with other numerous boutique delis, cafés and independent retailers catering to the tourist industry.
Tenure
Freehold.
Description
The property comprises a ground floor banking hall with ancillary accommodation on part first floor. The property also benefits from a self-contained residential maisonette on part first and second floors and car parking to the side of the property.
VAT
VAT is not applicable to this lot.
Planning
Planning permission (now expired) was obtained in 2011 (Ref: NP/DDD/0611/0521) for the change of use and conversion of the first and second floors to 2 residential flats.
Peak District National Park Authority
Aldern House, Baslow Road, Bakewell, Derbyshire DE45 1AE.
Tel: +44 (0)1629 816200.
Email: planning.service@peakdistrict.gov.uk
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 Alec Linfield.
Tel: 0207 034 4860.
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 on part first floor. The property also benefits from a self-contained residential maisonette on part first and second floors and car parking to the side of the property.
VAT
VAT is not applicable to this lot.
Planning
Planning permission (now expired) was obtained in 2011 (Ref: NP/DDD/0611/0521) for the change of use and conversion of the first and second floors to 2 residential flats.
Peak District National Park Authority
Aldern House, Baslow Road, Bakewell, Derbyshire DE45 1AE.
Tel: +44 (0)1629 816200.
Email: planning.service@peakdistrict.gov.uk
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 Alec Linfield.
Tel: 0207 034 4860.
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)
Ground Part First
Banking Hall/Ancillary Ancillary
94.88 sq m 67.02 sq m
(1,022 sq ft) (721 sq ft)
NATIONAL WESTMINSTER BANK PLC (1)
20 years from 11/12/2006 on a full repairing and insuring lease (2)
£16,600
11/12/2021 (3) (11/12/2026)
Part First & Second
Residential
–
–
INDIVIDUAL
Assured Shorthold Tenancy for a term of 6 months from 22/08/2011
£6,000 (4)
Holding Over
Total Commercial Floor Area
161.90 sq m
(1,743 sq ft)
£22,600
(1) National Westminster Bank plc is a wholly owned subsidiary of Royal Bank of Scotland plc who as at 31/12/2015 have a market capitalisation of £35.1 billion and are 72.6% owned by HM Government. (Source: www.natwest.com & www.investors.rbs.com). National Westminster Bank Plc are not currently in occupation of the property. (2)There is a service charge cap rising annually in line with Retail Price Index. (3)The rent is reviewed to the higher of open market rental value or 3.75%. The lease provides for the rent to be reviewed on 11th December 2021 to the higher of Open Market Rental Value or a fixed rental increase of 3.75 %. (4)The rent for the residential flat has been annualised.
