12 Rowcroft
Stroud
Gloucestershire
GL5 3BD

Freehold Bank Investment

  • Entirely let to Lloyds Bank Plc
  • 10 year lease (renewal) from 2012
  • Tenant break option in September 2017 not exercised
  • Imminent Upward Only Rent Review – September 2017
  • Attractive Period Building Comprising approximately 7,315 sq ft
  • Adjacent to Merrywalks Shopping Centre and close to McDonald's, Poundland, WHSmith and branches of HSBC and Barclays banks
  • Prosperous and attractive Gloucestershire market town
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    8
  • Auction
    25/May/2017
  • Rent
    £59,000 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price*
     
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • 12 Rowcroft<br>Stroud<br>Gloucestershire<br>GL5 3BD
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Property Information

Location
Miles
9 miles south of Gloucester, 32 miles north-east of Bristol
Roads
A417, A419, M5 (Junction 13)
Rail
Stroud Railway Station
Air
Bristol Airport
Situation

The property is situated on the northern side of Rowcroft, which connects to the pedestrianised King Street, in the heart of Stroud town centre. The property is adjacent to the Merrywalks Shopping Centre, which houses retailers including Wilko, Argos, New Look, and Home Bargains. Other nearby occupiers include Poundland, McDonald's, M&Co, Savers and branches of HSBC and Barclays banks.

Tenure

Freehold.

Description

The property comprises a ground floor bank with ancillary accommodation on the basement floor. The property benefits from secure parking to the rear for four vehicles.

VAT

VAT is not applicable to this lot.

Note

There will be a single block viewing for this property on Wednesday 17th May. Interested parties must register their details by midday Monday 15th May. Please contact George Watkins. T: +44 (0)20 7034 4861. E: george.watkins@acuitus.co.uk

Completion Period

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 advisable. For more information, please click here.

Tenancy & Accomodation

FloorUseFloor Areas (2)
(Approx)

TenantTermRent p.a.xReview
Ground
Ground
Basement

Banking Hall
Offices
Ancillary
321.82 sq m
159.70 sq m
198.07 sq m
(3,464 sq ft)
(1,719 sq ft)
(2,132 sq ft)
LLOYDS
BANK PLC (1)
10 years from 29/09/2012 until
28/09/2022 on a full
repairing and insuring
lease
£59,000
29/09/2017
Total 
679.59 sq m
(7,315 sq ft)
  £59,000
 

(1) For the year ending 31st December 2016, Lloyds Bank Plc reported pre-tax profits of £1,977,000,000 and a total net worth of £47,806,000,000 (Source: Experian Group 25/04/2017).
(2) Floor areas agreed between the vendor and Lloyds Bank in 2011.

Property Documents

  • Site Plan
    Updated Date
    03.05.17
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    03.05.17
    File Size
    801 KB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 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
George WatkinsGeorge Watkins +44 (0)20 7034 4861george.watkins@acuitus.co.uk
Associate Auctioneers
Johnson Fellows LLP 37 Queen Anne Street
London
W1G 9JB
Gerard Finn 020 7462 5764gerard.finn@johnsonfellows.co.uk
Seller's Solicitors
Quastel Midgen LLP 74 Wimpole Street
London
W1G 9RR
Jonathan Neilan jneilan@quastels.com

Useful Links

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