HSBC Bank, 14 Fore Street, St Marychurch Torquay Devon TQ1 4ND

HSBC Bank, 14 Fore Street, St Marychurch
Torquay
Devon
TQ1 4ND

Freehold Bank Investment

Fully let to HSBC Bank plc
Situated in centre of popular coastal town
Adjoins Lloyds Bank on prominent corner position
Nearby occupiers include Britannia Building Society, Boots Pharmacy, NatWest and Barclays Bank
Six week completion available

Lot
3
Auction
9th December 2010
Rent
£18,750 per Annum Exclusive
Status
Withdrawn Prior
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

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Freehold Bank Investment

Fully let to HSBC Bank plc
Situated in centre of popular coastal town
Adjoins Lloyds Bank on prominent corner position
Nearby occupiers include Britannia Building Society, Boots Pharmacy, NatWest and Barclays Bank
Six week completion available

Lot 3
Auction 9th December 2010
Rent £18,750 per Annum Exclusive
Status Withdrawn Prior
Price
Sector
Bank
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

Property Information

Location

22 miles south of Exeter; 32 miles east of Plymouth
Roads: A38, A380, A385
Rail: Torquay Rail
Air: Exeter Airport, Plymouth Airport

Situation

The property is situated in a prominent corner location on the south side of Fore Street at the junction with St Marychurch Road. Fore Street is an established local shopping district located approximately 1 mile north of Torquay town centre. The property adjoins Lloyds Bank and nearby occupiers include Britannia Building Society, Barclays Bank, Boots Pharmacy and NatWest.

Tenure

Freehold.

Location

22 miles south of Exeter; 32 miles east of Plymouth
Roads: A38, A380, A385
Rail: Torquay Rail
Air: Exeter Airport, Plymouth Airport

Situation

Tenure

Freehold.

Description

The property comprises a GROUND FLOOR BANKING HALL with ANCILLARY ACCOMMODATION on the first and second floors. The property benefits from 3 car parking spaces and access to the rear is via St Marychurch Road.

VAT

VAT is not applicable to this lot.

EPC

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

Description

VAT

VAT is not 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
Ground First Second	Banking Hall/Ancillary Ancillary Ancillary	122.82 sq m 94.85 sq m 54.35 sq m	(1,322 sq ft) (1,021 sq ft) (585 sq ft)	HSBC BANK PLC (1)	5 years from 25/03/2010 on a full repairing and insuring lease	£18,750 (2)
Totals		272.02 sq m	(2,928 sq ft)			£18,750

(1) For the year ending 31st December 2009, HSBC Bank plc reported a turnover of £25,137,000,000, a pre-tax profit of £4,014,000,000 and a net worth of £16,588,000,000. (Source: www.riskdisk.com 03/11/2010) For the half year to 30th June 2010, HSBC Bank plc reported a pre-tax profit of £2,795,000,000 (Source: HSBC Bank plc Interim 2010 Report)(2) The lease provides for one year’s rent free period in the final year of the term. The seller will pay the buyer a sum equal to the rent that would have been due in the absence of the rent free period.NB 6 week completion available