TSB Bank, 41 High Street Hadleigh, Nr Ipswich Suffolk IP7 5AE

TSB Bank, 41 High Street
Hadleigh, Nr Ipswich
Suffolk
IP7 5AE

Freehold Bank Investment

Entirely let to TSB Bank plc until 2021 (subject to option)
Tenant in occupation for at least 18 years
Situated in an attractive market town
Nearby occupiers include Barclays Bank, Ladbrokes and Greggs
<a href="/media/31634/legal title report - v3.pdf" target="_blank" title="legal title report">Legal Title Report available here</a>

Lot
32
Auction
23rd October 2014
Rent
£16,000 per Annum Exclusive
Status
Sold
Price
£312,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of Administrators Zolfo Cooper

Important Update Interested?

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Freehold Bank Investment

Entirely let to TSB Bank plc until 2021 (subject to option)
Tenant in occupation for at least 18 years
Situated in an attractive market town
Nearby occupiers include Barclays Bank, Ladbrokes and Greggs
<a href="/media/31634/legal title report - v3.pdf" target="_blank" title="legal title report">Legal Title Report available here</a>

Lot 32
Auction 23rd October 2014
Rent £16,000 per Annum Exclusive
Status Sold
Price £312,000
Sector
Bank
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of Administrators Zolfo Cooper

Property Information

Location

Miles: 7 miles west of Ipswich; 15 miles north of Colchester
Roads: B1070, A1071, A12, A14
Rail: Ipswich Rail
Air: London Stansted Airport

Situation

Hadleigh is a market town located between Ipswich and Sudbury. The property is located on the western side of High Street at its junction with Market Place. Nearby occupiers include Barclays Bank, Ladbrokes, Greggs and a number of other independent retailers.

Tenure

Freehold.

Location

Miles: 7 miles west of Ipswich; 15 miles north of Colchester
Roads: B1070, A1071, A12, A14
Rail: Ipswich Rail
Air: London Stansted Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor banking hall with first floor office accommodation.

Legal Title 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 available here.

Note
This property is being marketed for sale on behalf of Administrators and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Administrators to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Administrators are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

VAT

VAT is not applicable to this lot.

Viewings

There will be one block viewing for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Henry Wilkinson. Tel: 0207 034 4861. Email: henry.wilkinson@acuitus.co.uk

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

Viewings

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/(Reversion)
Ground First	Banking Hall/Ancillary Office	140.09 sq m 42.44 sq m	(1,508 sq ft) (457 sq ft)	TSB BANK PLC (1)	10 years from 24/06/2011 on a full repairing and insuring lease (2)	£16,000 (2)	24/06/2016 (23/06/2021)
Totals		182.53 sq m	(1,965 sq ft)			£16,000 (2)

(1) For the year ending 31st December 2013, TSB Bank plc reported a pre-tax profit of £74,500,000 and a net worth of £1,295,200,000.
(Source: www.riskdisk.com 20/08/2014)
(2)The lease provides for a tenant’s option to determine on the 23rd June 2016 on 6 months’ written notice. If the option to determine is not activated, the tenant will benefit from a 6 month rent free period from 24th June 2016.