Freehold Bank Investment
Freehold Bank Investment
The property is prominently situated on the south side of High Street, close to its junction with Market Street and Market Place, in the heart of Oakham town centre. Nearby occupiers include Boots the Chemist, Caffè Nero, Costa, Fat Face and branches of Barclays, Santander and NatWest banks.
Freehold.
The property is prominently situated on the south side of High Street, close to its junction with Market Street and Market Place, in the heart of Oakham town centre. Nearby occupiers include Boots the Chemist, Caffè Nero, Costa, Fat Face and branches of Barclays, Santander and NatWest banks.
Freehold.
The property comprises a ground floor banking hall with ancillary accommodation on the basement floor.
VAT is not applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a ground floor banking hall with ancillary accommodation on the basement floor.
VAT is not applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review/ (Reversion) |
|
|---|---|---|---|---|---|---|---|
| Ground Basement |
Banking Hall/ Ancillary Ancillary |
237.70 sq m 54.80 sq m |
(2,559 sq ft) (590 sq ft) |
HSBC BANK PLC (1) |
15 years from 08/11/2007 on a full repairing and insuring lease (2) |
£40,000 | 08/11/2017 (07/11/2022) (3) |
| Totals |
292.50 sq m |
(3,149 sq ft) |
£40,000 | ||||
(1) For the year ending 31st December 2016, HSBC Bank Plc reported pre-tax profits of £874,000,000 and a total net worth of £34,195,000,000 (Source: Experian Group 12/06/2017).
(2) The lease is full repairing and insuring subject to a Schedule of Condition.
(3) The lease contains an option for HSBC to take a new 15 year lease at the expiry of the existing lease.
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