Lloyds Bank 268 High Street Bangor Gwynedd LL57 1RT

Lloyds Bank
268 High Street
Bangor
Gwynedd
LL57 1RT

Prime Freehold Bank Investment

  • Entirely let to Lloyds Bank plc on a renewed 15 year lease until 2025 (no breaks)
  • Tenant in occupation since at least 1995
  • Approximately 520.15 sq ft (5,599 sq ft) with parking for some 24 cars
  • Nearby occupiers include Barclays Bank, HSBC, Boots, H&M, WH Smith and JD Sports
  • Prominently situated between the entrances to the Menai Shopping Centre & the Deiniol Shopping Centre
  • VAT free investment
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    16
  • Auction
    9th July 2015
  • Rent
    £92,500 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,205,000
  • Sector
    Bank
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of an Oxford College
Important Update
  • Expand
  • Photos
  • Map

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

Prime Freehold Bank Investment

  • Entirely let to Lloyds Bank plc on a renewed 15 year lease until 2025 (no breaks)
  • Tenant in occupation since at least 1995
  • Approximately 520.15 sq ft (5,599 sq ft) with parking for some 24 cars
  • Nearby occupiers include Barclays Bank, HSBC, Boots, H&M, WH Smith and JD Sports
  • Prominently situated between the entrances to the Menai Shopping Centre & the Deiniol Shopping Centre
  • VAT free investment
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 16
  • Auction 9th July 2015
  • Rent
  • Status Sold
  • Price £1,205,000
  • Sector
    Bank
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of an Oxford College

Property Information

Location
Miles
9 miles north of Caernarvon, 50 miles west of Chester
Roads
A5, A55
Rail
Bangor Railway Station
Air
Liverpool John Lennon Airport
Situation

Bangor is an important University and Cathedral city which benefits from considerable tourist and commercial activity. The property is situated in a conservation area on the eastern side of the pedestrianised High Street on the prime retail pitch. The property is prominently positioned between the entrances of the Menai Shopping Centre and the Deiniol Shopping centre.

Tenure

Freehold.

Location
Miles
9 miles north of Caernarvon, 50 miles west of Chester
Roads
A5, A55
Rail
Bangor Railway Station
Air
Liverpool John Lennon Airport
Situation

Bangor is an important University and Cathedral city which benefits from considerable tourist and commercial activity. The property is situated in a conservation area on the eastern side of the pedestrianised High Street on the prime retail pitch. The property is prominently positioned between the entrances of the Menai Shopping Centre and the Deiniol Shopping centre.

Tenure

Freehold.

Description

The property, an attractive Grade II Listed building, comprises a ground floor banking hall with office and ancillary accommodation to the rear, together with offices and staff accommodation to the first floor and storage at second floor level.
There is a separate door to the first floor which could enable the first floor offices to be self-contained. The property also benefits from approximately 24 car parking spaces to the rear.

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 only be one block viewing date. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Will Moore. Telephone: +44 (0)20 7034 4858.

EPC

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

Description

The property, an attractive Grade II Listed building, comprises a ground floor banking hall with office and ancillary accommodation to the rear, together with offices and staff accommodation to the first floor and storage at second floor level.
There is a separate door to the first floor which could enable the first floor offices to be self-contained. The property also benefits from approximately 24 car parking spaces to the rear.

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 only be one block viewing date. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Will Moore. Telephone: +44 (0)20 7034 4858.

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
Second
Banking Hall/Ancillary
Office/Ancillary
Storage
283.26 sq m
153.28 sq m
83.61 sq m
(3,049 sq ft)
(1,650 sq ft)
(900 sq ft)
LLOYDS BANK PLC
(1)
15 years from 01/12/2010 until 30/11/2025 on a full repairing
and insuring lease
£92,500 01/12/2015
01/12/2020
Totals  
520.15 sq m
(5,599 sq ft)
    £92,500

(1) For the year ending 31st December 2014, Lloyds Bank plc reported pre-tax profits of £2,289,000,000 and a total net worth of £39,827,000,000. (Source: www.riskdisk.com 26/05/2015)

Property Documents

  • Catalogue Page
    Updated Date
    16.06.15
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    16.06.15
    File Size
    112 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
Darbys Solicitors LLP Midland House, West Way
Botley
Oxford
OX2 0PH
01865 811 777
Philip Marsh 01865 811224pmarsh@darbys.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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