Freehold Bank Investment
Freehold Bank Investment
Orchard Street is located in the heart of Preston city centre and within the pedestrianised retailing zone. Orchard Street benefits from being directly opposite the main entrance to the major St George’s Shopping Centre. The property is prominently situated on the west side of Orchard Street, near to the junction with Friargate. Neighbouring occupiers include Wilkinsons, Caffè Nero, Footlocker, William Hill and McDonald's.
Freehold.
Orchard Street is located in the heart of Preston city centre and within the pedestrianised retailing zone. Orchard Street benefits from being directly opposite the main entrance to the major St George’s Shopping Centre. The property is prominently situated on the west side of Orchard Street, near to the junction with Friargate. Neighbouring occupiers include Wilkinsons, Caffè Nero, Footlocker, William Hill and McDonald's.
Freehold.
The property comprises a ground floor banking hall with ancillary accommodation to the rear and two upper floors that provide additional office and ancillary accommodation.
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 to the rear and two upper floors that provide additional office and ancillary accommodation.
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 | |
|---|---|---|---|---|---|---|---|
| Ground First Second |
Banking Hall/Ancillary Ancillary/Office Ancillary/Office |
218.2 sq m 121.3 sq m 79.90 sq m |
(2,349 sq ft) (1,306 sq ft) (806 sq ft) |
BANK OF SCOTLAND PLC (1) |
15 years from 10/11/2008 until 2023 on a full repairing and insuring lease |
£75,000 | 10/11/18 |
| Total |
419.4 sq m |
(4,515 sq ft) |
£75,000 | ||||
(1) For the year ending 31st December 2016, Bank of Scotland Plc reported a pre-tax profit of £3,395,000,000 and a net worth of £13,338,000,000 (Source: Experian Group).
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