Entirely let to Lloyds Bank plc on a renewed 10 year lease until 2022 (subject to option)
Prominent High Street position
Includes a 4 room maisonette and garage
Nearby occupiers include NatWest, HSBC, Barclays and the Co-Operative
Six Week Completion
Lot 29
Auction 9th July 2014
Rent £24,500 per Annum Exclusive
Status Sold Post
Price
Sector Bank
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
3.3 miles west of Stroud
9 miles south of Gloucester
30 miles north of Bristol
Roads
M5 (Junction 13), A38, A419
Rail
Stonehouse Rail Station (London Paddington in 1 hour and 34 minutes)
Air
Bristol Airport
Situation
The property is situated on the north side of the High Street close to its junction with Queens Road. Nearby occupiers include The Stroud and Swindon Building Society, NatWest, HSBC, Barclays and the Co-Operative.
Tenure
Freehold.
Location
Miles
3.3 miles west of Stroud
9 miles south of Gloucester
30 miles north of Bristol
Roads
M5 (Junction 13), A38, A419
Rail
Stonehouse Rail Station (London Paddington in 1 hour and 34 minutes)
Air
Bristol Airport
Situation
The property is situated on the north side of the High Street close to its junction with Queens Road. Nearby occupiers include The Stroud and Swindon Building Society, NatWest, HSBC, Barclays and the Co-Operative.
Tenure
Freehold.
Description
The property comprises Banking Hall accommodation on the ground floor with ancillary banking accommodation on part of the first and second floors. The remaining part of the first and second floors comprise a self-contained 4 room maisonette. The property also benefits from a garage which has been sublet.
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. Tel: +44 (0)20 7034 4858.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises Banking Hall accommodation on the ground floor with ancillary banking accommodation on part of the first and second floors. The remaining part of the first and second floors comprise a self-contained 4 room maisonette. The property also benefits from a garage which has been sublet.
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. Tel: +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 (Part) Second (Part) First and Second (Parts)
Banking Hall Ancillary Ancillary Residential
183.00 sq m 18.80 sq m 29.20 sq m 4 Room Maisonette
(1,970 sq ft) (202 sq ft) (314 sq ft)
LLOYDS BANK PLC (1)
10 years from 24/06/2012 until 2022 on a full repairing and insuring lease (2)
£24,500
24/06/2017
Total Commercial Area
231.00 sq m
(2,486 sq ft)
£24,500
(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 12/06/2014) (2)The lease which was a renewal of a previous lease provides for a tenant option to determine the lease on 24th June 2017.
