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Status Withdrawn Prior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
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.
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
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.
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
