9 Corn Square Leominster Herefordshire HR6 8LT

9 Corn Square
Leominster
Herefordshire
HR6 8LT

Freehold Bank Investment

Entirely let to Lloyds Bank plc (by way of lease renewal) until 2023 (No breaks)
Includes large garden to rear
Future residential redevelopment potential (subject to lease and consents)
VAT-free investment
Attractive building in historic market town
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
3
Auction
12th February 2015
Rent
£24,000 per Annum Exclusive
Status
Sold
Price
£485,000
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Important Update Interested?

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Freehold Bank Investment

Entirely let to Lloyds Bank plc (by way of lease renewal) until 2023 (No breaks)
Includes large garden to rear
Future residential redevelopment potential (subject to lease and consents)
VAT-free investment
Attractive building in historic market town
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 3
Auction 12th February 2015
Rent £24,000 per Annum Exclusive
Status Sold
Price £485,000
Sector
Bank
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 13 miles north of Hereford; 25 miles west of Worcester; 57 miles south-west of Birmingham
Roads: A44, A49, A456, M5 (Junction 7)
Rail: Leominster Railway Station
Air: Birmingham International Airport

Situation

The property is located in the historic market town of Leominster, prominently situated on the east side of Corn Square which runs off the pedestrianised Drapers Lane and Corn Street. The property benefits from a public car park to the rear for approximately 110 cars with nearby occupiers including Boots the Chemist and WH Smith.

Tenure

Freehold.

Location

Miles: 13 miles north of Hereford; 25 miles west of Worcester; 57 miles south-west of Birmingham
Roads: A44, A49, A456, M5 (Junction 7)
Rail: Leominster Railway Station
Air: Birmingham International Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor banking hall with ancillary accommodation in the basement and first floors. The property benefits from a large garden to the rear and an approximate site area of 0.13 hectares (0.32 acres).

Six Week Completion

Buyer's Legal 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

VAT

VAT is not applicable to this lot.

Viewings

There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Will Moore. Tel: 020 7034 4858. Email: will.moore@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
Basement Ground First	Ancillary Banking Hall/Ancillary Ancillary	62.43 sq m 177.14 sq m 177.31 sq m	(672 sq ft) (1,907 sq ft) (1,909 sq ft)	LLOYDS BANK PLC (1)	10 years from 05/04/2013 until 2023 on a full repairing and insuring lease	£24,000	05/04/2018
Totals		416.88 sq m	(4,488 sq ft)			£24,000

(1) For the year ending 31/12/2013, Lloyds Bank plc reported pre-tax profits of £894,000,000 and a total net worth of £34,109,000,000.
(Source: www.riskdisk.com 14/01/2015)