Entirely let to Lloyds Bank plc on a renewed 10 year lease until 2022 (subject to option)
Affluent Market Town
Includes a self-contained three bedroom residential flat
Neighbouring occupiers include HSBC, Co-Operative, Boots Chemist and the Post Office
Six Week Completion
Lot 2
Auction 9th July 2014
Rent £19,800 per Annum Exclusive
Status Sold
Price £280,000
Sector Bank
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
26 miles north-west of Oxford
11 miles south of Stratford Upon Avon
16 miles south of Royal Leamington Spa
Roads
A429, A44, A3400, M40 (Junction 11)
Rail
Moreton-on-Marsh Railway Station, Banbury Railway Station
Air
Birmingham Airport
Situation
Shipston-on-Stour is an attractive and affluent Warwickshire market town. The property is situated in a highly prominent position at the junction between Market Place and the High Street. Neighbouring occupiers include HSBC, The Co-Operative, Boots Chemist and the Post Office.
Tenure
Freehold.
Location
Miles
26 miles north-west of Oxford
11 miles south of Stratford Upon Avon
16 miles south of Royal Leamington Spa
Roads
A429, A44, A3400, M40 (Junction 11)
Rail
Moreton-on-Marsh Railway Station, Banbury Railway Station
Air
Birmingham Airport
Situation
Shipston-on-Stour is an attractive and affluent Warwickshire market town. The property is situated in a highly prominent position at the junction between Market Place and the High Street. Neighbouring occupiers include HSBC, The Co-Operative, Boots Chemist and the Post Office.
Tenure
Freehold.
Description
The property, an attractive corner building, comprises a ground floor banking hall with a self-contained 3 bedroom residential flat on the first floor accessed via Sheep Street.
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 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 corner building, comprises a ground floor banking hall with a self-contained 3 bedroom residential flat on the first floor accessed via Sheep Street.
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 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
Review
Ground First
Banking Hall/Ancillary Residential
101.62 sq m Three Bedroom Flat
(1,094 sq ft)
LLOYDS BANK PLC (1)
10 years from 24/06/2012 until 2022 on a full repairing and insuring lease (2)
£19,800
24/06/2017
Total Commercial Area
101.62 sq m
(1,094 sq ft)
£19,800
(1) For the year ending 31st December 2013, Lloyds Bank plc reported a pre-tax profit of £894,000,000 and a total net worth of £34,109,000,000. (Source: Riskdisk 12/6/2014) (2)The lease provides for a tenant option to determine the lease on 24th June 2017.
