Let to Halifax Limited – a part of Lloyds Banking Group plc
Approximately 55.90 sq m (5,984 sq ft)
Located close to Weavers Wharf Retail, Park and Rowland Hill Shopping Centre
Pedestrianised town centre location
Lot 50
Auction 23rd October 2014
Rent £85,000 per Annum Exclusive
Status Sold Post
Price
Sector Bank
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
On the Instructions of M Nardini and T Perkin of CBRE Limited acting as Joint Fixed Charge Receivers
Property Information
Location
Miles
17 miles south of Wolverhampton 19 miles south-west of Birmingham
Roads
A448, A456, M5, M42
Rail
Kidderminster Railway Station
Air
Birmingham
Situation
The property is situated on the western side of Vicar Street, a popular pedestrianised thoroughfare in the heart of Kidderminster town centre. Vicar Street benefits from good pedestrian footflow as a result of its proximity to Weavers Wharf Retail Park where Marks & Spencer, Debenhams, Next, Boots the Chemist and Sports Direct are all represented. WHSmith, Superdrug, Lloyds Bank and a large British Heart Foundation shop are all represented on Vicar Street.
Tenure
Freehold.
Location
Miles
17 miles south of Wolverhampton 19 miles south-west of Birmingham
Roads
A448, A456, M5, M42
Rail
Kidderminster Railway Station
Air
Birmingham
Situation
The property is situated on the western side of Vicar Street, a popular pedestrianised thoroughfare in the heart of Kidderminster town centre. Vicar Street benefits from good pedestrian footflow as a result of its proximity to Weavers Wharf Retail Park where Marks & Spencer, Debenhams, Next, Boots the Chemist and Sports Direct are all represented. WHSmith, Superdrug, Lloyds Bank and a large British Heart Foundation shop are all represented on Vicar Street.
Tenure
Freehold.
Description
The property comprises a large ground floor banking hall with offices/ancillary accommodation arranged on the first floor. This property is being marketed for sale on behalf of Joint Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Fixed Charge Receivers are not bound to accept the highest or any offer and are acting as agents in respect of this sale and without personal liability.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a large ground floor banking hall with offices/ancillary accommodation arranged on the first floor. This property is being marketed for sale on behalf of Joint Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Fixed Charge Receivers are not bound to accept the highest or any offer and are acting as agents in respect of this sale and without personal liability.
VAT
VAT is applicable to this lot.
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
Reversion
Ground First
Banking Hall/ Ancillary Office/ Ancillary
280.55 sq m 275.35 sq m
(3,020 sq ft) (2,964 sq ft)
HALIFAX LIMITED (1)
15 years from 30/10/2003 on a full repairing and insuring lease
£85,000
29/10/2018
Totals
555.90 sq m
(5,984 sq ft)
£85,000
(1) t/a Halifax. The lease was originally vested in the name of Halifax plc, who changed their name to Halifax Limited in 2007. Halifax is a division of Bank of Scotland plc who are a wholly owned subsidiary of Lloyds Banking Group plc. (source:www.lloydsbankinggroup.com)