Let to Lloyds Bank PLC on renewed 10 year lease from 2011
Approximately 2,069.66 sq m (22,278 sq ft)
Highly prominent prime position in City Centre
Recent option to determine not exercised
Rent review due in June 2016
Residential Redevelopment Potential of upper floors (subject to consents)
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 7
Auction 19th May 2016
Rent £230,000 per Annum Exclusive
Status Sold Post
Price
Sector Bank
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
22 miles north-west of Southampton, 25 miles west of Winchester, 28 miles north of Bournemouth, 39 miles south-east of Bath
Roads
A30, A36, A338, A354
Rail
Salisbury Railway Station (Direct to London Waterloo)
Air
Bournemouth International Airport
Situation
Salisbury is an attractive historic City situated some 9 miles north of the New Forest National Park. The property is situated in a highly prominent city centre position facing market place and with frontages to Castle Street and Chipper Lane. Neighbouring occupiers include Tesco Metro, Debenhams, ASK and Bills Restaurant.
Tenure
Freehold.
Location
Miles
22 miles north-west of Southampton, 25 miles west of Winchester, 28 miles north of Bournemouth, 39 miles south-east of Bath
Roads
A30, A36, A338, A354
Rail
Salisbury Railway Station (Direct to London Waterloo)
Air
Bournemouth International Airport
Situation
Salisbury is an attractive historic City situated some 9 miles north of the New Forest National Park. The property is situated in a highly prominent city centre position facing market place and with frontages to Castle Street and Chipper Lane. Neighbouring occupiers include Tesco Metro, Debenhams, ASK and Bills Restaurant.
Tenure
Freehold.
Description
The property, an attractive Grade II Listed building comprises a ground floor banking hall and offices with ancillary and office accommodation on basement, first and second floors. The tenant has recently installed a new lift and the property benefits from a number of separate entrances on Blue Boar Road, Castle Street and Chipper Lane. The upper floors may be suitable for alternative uses including residential redevelopment, subject to consents.
Six Week Completion
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 Alec Linfield. Telephone: +44 (0)20 7034 4860.
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 and offices with ancillary and office accommodation on basement, first and second floors. The tenant has recently installed a new lift and the property benefits from a number of separate entrances on Blue Boar Road, Castle Street and Chipper Lane. The upper floors may be suitable for alternative uses including residential redevelopment, subject to consents.
Six Week Completion
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 Alec Linfield. Telephone: +44 (0)20 7034 4860.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
10 years from 25/06/2011 (2) on a full repairing and insuring lease
£230,000
25/06/2016 (25/06/2021)
Totals
2,069.66 sq m
(22,278 sq ft)
£230,000
1) For the year ending 31st December 2014, Lloyds Bank PLC reported a pre tax profit of £2,289,000,000 and a total net worth of £39,827,000,000. (Source: www.riskdisk.com 05/04/2016). (2) The lease provides for a tenant option to determine the lease on 25/06/2016. The Tenant has NOT exercised this break option and the notice period has now passed. (3) Part of the ground floor is sublet to Go South Coast Limited until 20/06/2021.
