6 Market Place Retford Nottinghamshire DN22 6HB

6 Market Place
Retford
Nottinghamshire
DN22 6HB

Freehold Bank Investment

  • Entirely let to Bank of Scotland Plc - part of Lloyds Banking Group Plc
  • New 15 year lease from 29th December 2016 (No Breaks)
  • Favourable alienation provisions within the lease
  • Prominent town centre location
  • VAT-free Bank Investment
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    6
  • Auction
    30th March 2017
  • Rent
    £36,400 per Annum Exclusive
  • Status
    Sold
  • Price
    £776,000
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • Expand
  • Photos
  • Map

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

Freehold Bank Investment

  • Entirely let to Bank of Scotland Plc - part of Lloyds Banking Group Plc
  • New 15 year lease from 29th December 2016 (No Breaks)
  • Favourable alienation provisions within the lease
  • Prominent town centre location
  • VAT-free Bank Investment
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 6
  • Auction 30th March 2017
  • Rent
  • Status Sold
  • Price £776,000
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
20 miles north-west of Lincoln, 26 miles south-east of Sheffield, 30 miles north-east of Nottingham
Roads
A638, A620, A1(M)
Rail
Retford Railway Station
Air
Robin Hood Doncaster Sheffield
Situation

The property is located on the eastern side of Market Place, which abuts the pedestrianised The Square, and north of the pedestrianised Carolgate, in the heart of Retford town centre. Nearby occupiers include Sports Direct, Argos, New Look and Superdrug, with Costa, Boots the Chemist, Aldi and Peacocks also represented within the town. Located around The Square are other various
banks including branches of Yorkshire, NatWest and TSB banks.

Tenure

Freehold.

Location
Miles
20 miles north-west of Lincoln, 26 miles south-east of Sheffield, 30 miles north-east of Nottingham
Roads
A638, A620, A1(M)
Rail
Retford Railway Station
Air
Robin Hood Doncaster Sheffield
Situation

The property is located on the eastern side of Market Place, which abuts the pedestrianised The Square, and north of the pedestrianised Carolgate, in the heart of Retford town centre. Nearby occupiers include Sports Direct, Argos, New Look and Superdrug, with Costa, Boots the Chemist, Aldi and Peacocks also represented within the town. Located around The Square are other various
banks including branches of Yorkshire, NatWest and TSB banks.

Tenure

Freehold.

Description

The property provides a ground floor banking hall with office accommodation on the first floor.

VAT

VAT is not applicable to this lot.

Note

The tenant is only able to assign the lease to the Government, a Local or Public Authority, or a company which has had a Dun & Bradstreet rating of 5A1 or better for the three years preceding the date of any proposed assignment or (where the original tenant is the assignor only) to a group of the original tenant and if the lease is assigned to a group company of the original tenant then no further assignment is allowed. The landlord can require an AGA.

Completion Period

Six Week Completion Available

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property provides a ground floor banking hall with office accommodation on the first floor.

VAT

VAT is not applicable to this lot.

Note

The tenant is only able to assign the lease to the Government, a Local or Public Authority, or a company which has had a Dun & Bradstreet rating of 5A1 or better for the three years preceding the date of any proposed assignment or (where the original tenant is the assignor only) to a group of the original tenant and if the lease is assigned to a group company of the original tenant then no further assignment is allowed. The landlord can require an AGA.

Completion Period

Six Week Completion Available

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 Reviews
Ground
First
Banking Hall/Offices
Offices
211.73 sq m
77.67 sq m
(2,279 sq ft)
(836 sq ft)
BANK OF
SCOTLAND PLC
(1) t/a Halifax

15 years from
29/12/2016 until
28/12/2031 on a full
repairing and
insuring lease
£36,400
29/12/2021
and
29/12/2026
Totals  
289.40 sq m
(3,115 sq ft)
    £36,400
 

(1) Bank of Scotland was founded in 1695 and is Scotland's oldest bank. In 2009, it was acquired by Lloyds TSB, with the new entity named as Lloyds Banking Group. The acquisition created the largest retail bank in the UK. For the year ending 31st December 2015, Bank of Scotland Plc reported pre-tax profits of £2,653,000,000 and a total net worth of £14,692,000,000 (Sources: www.bankofscotland.co.uk and Experian Group 01/03/2017).

Property Documents

  • Site Plan
    Updated Date
    31.10.19
    File Size
    1 MB
    View PDF
  • Catalogue Page
    Updated Date
    31.10.19
    File Size
    680 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

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Fladgate LLP 16 Great Queen Street
London
WC2B 5DG
Gavriel Cohen 0203 036 7250gcohen@fladgate.com

Useful Links

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

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