TSB Bank, 71 Teme Street Tenbury Wells, Nr Ludlow Worcestershire WR15 8AQ

TSB Bank, 71 Teme Street
Tenbury Wells, Nr Ludlow
Worcestershire
WR15 8AQ

Freehold Bank Investment

Entirely let to TSB Bank plc until 2021 (subject to option)
Tenant in occupation for at least 18 years
Nearby occupiers include Barclays Bank, Spar Convenience Store and Post Office
Substantial parking to the rear of the property
<a href="/media/31634/legal title report - v3.pdf" target="_blank" title="legal title report">Legal Title Report available here</a>

Lot
62
Auction
23rd October 2014
Rent
£14,000 per Annum Exclusive
Status
Sold
Price
£226,000
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
Nearby occupiers include Barclays Bank, Spar Convenience Store and Post Office
Substantial parking to the rear of the property
<a href="/media/31634/legal title report - v3.pdf" target="_blank" title="legal title report">Legal Title Report available here</a>

Lot 62
Auction 23rd October 2014
Rent £14,000 per Annum Exclusive
Status Sold
Price £226,000
Sector
Bank
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of Administrators Zolfo Cooper

Property Information

Location

Miles: 9 miles south-east of Ludlow; 21 miles north-west of Worcester
Roads: A456, A49
Rail: Leominster Rail, Ludlow Rail
Air: Birmingham International Airport

Situation

Tenbury Wells is a market town located some 21 miles north-west of Worcester. The property is located on Teme Street (A4112) close to its junction with the A456, with nearby occupiers including Barclays Bank, Spar Convenience Store and a Post Office.

Tenure

Freehold.

Location

Miles: 9 miles south-east of Ludlow; 21 miles north-west of Worcester
Roads: A456, A49
Rail: Leominster Rail, Ludlow Rail
Air: Birmingham International Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor banking hall with first floor ancillary accommodation and parking to the rear for 15 cars.

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: 020 7034 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 Ancillary	220.39 sq m 36.85 sq m	(2,372 sq ft) (397 sq ft)	TSB BANK PLC (1)	10 years from 24/06/2011 on a full repairing and insuring lease (2)	£14,000 (2)	24/06/2016 (23/06/2021)
Totals		257.24 sq m	(2,769 sq ft)			£14,000 (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 an 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.