9 Corn Square Leominster Herefordshire HR6 8LT

9 Corn Square
Leominster
Herefordshire
HR6 8LT

Freehold Bank Investment

  • Entirely let to Lloyds Bank plc (by way of lease renewal) until 2023 (No breaks)
  • Includes large garden to rear
  • Future residential redevelopment potential (subject to lease and consents)
  • VAT-free investment
  • Attractive building in historic market town
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    3
  • Auction
    12th February 2015
  • Rent
    £24,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £485,000
  • Sector
    Bank
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
  • Expand
  • Photos
  • Map

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

Freehold Bank Investment

  • Entirely let to Lloyds Bank plc (by way of lease renewal) until 2023 (No breaks)
  • Includes large garden to rear
  • Future residential redevelopment potential (subject to lease and consents)
  • VAT-free investment
  • Attractive building in historic market town
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 3
  • Auction 12th February 2015
  • Rent
  • Status Sold
  • Price £485,000
  • Sector
    Bank
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
13 miles north of Hereford
25 miles west of Worcester
57 miles south-west of Birmingham
Roads
A44, A49, A456, M5 (Junction 7)
Rail
Leominster Railway Station
Air
Birmingham International Airport
Situation

The property is located in the historic market town of Leominster, prominently situated on the east side of Corn Square which runs off the pedestrianised Drapers Lane and Corn Street. The property benefits from a public car park to the rear for approximately 110 cars with nearby occupiers including Boots the Chemist and WH Smith.

Tenure

Freehold.

Location
Miles
13 miles north of Hereford
25 miles west of Worcester
57 miles south-west of Birmingham
Roads
A44, A49, A456, M5 (Junction 7)
Rail
Leominster Railway Station
Air
Birmingham International Airport
Situation

The property is located in the historic market town of Leominster, prominently situated on the east side of Corn Square which runs off the pedestrianised Drapers Lane and Corn Street. The property benefits from a public car park to the rear for approximately 110 cars with nearby occupiers including Boots the Chemist and WH Smith.

Tenure

Freehold.

Description

The property comprises a ground floor banking hall with ancillary accommodation in the basement and first floors. The property benefits from a large garden to the rear and an approximate site area of 0.13 hectares (0.32 acres).

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

There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Will Moore. Tel: 020 7034 4858. Email: will.moore@acuitus.co.uk

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 and first floors. The property benefits from a large garden to the rear and an approximate site area of 0.13 hectares (0.32 acres).

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

There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Will Moore. Tel: 020 7034 4858. Email: will.moore@acuitus.co.uk

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
Basement
Ground
First
Ancillary
Banking Hall/Ancillary
Ancillary
62.43 sq m
177.14 sq m
177.31 sq m
(672 sq ft)
(1,907 sq ft)
(1,909 sq ft)
LLOYDS BANK PLC (1) 10 years from 05/04/2013 until 2023 on a full repairing and
insuring lease
£24,000 05/04/2018
Totals  
416.88 sq m
(4,488 sq ft)
    £24,000

(1) For the year ending 31/12/2013, Lloyds Bank plc reported pre-tax profits of £894,000,000 and a total net worth of £34,109,000,000.
(Source: www.riskdisk.com 14/01/2015)

Property Documents

  • Catalogue Page
    Updated Date
    21.01.15
    File Size
    674 KB
    View PDF
  • Site Plan
    Updated Date
    21.01.15
    File Size
    81 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
Wall James Chappell 15 - 23 Hagley Road
Stourbridge
West Midlands
DY8 1QW
Ruth Latham 01384 371 622r.latham@wjclaw.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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