Santander Bank, 103 George Street Hove East Sussex BN3 3YE

Santander Bank, 103 George Street
Hove
East Sussex
BN3 3YE

Freehold Bank Investment

Let to Bradford & Bingley plc t/a Santander until 2021
Important 2011 rent review
Prime semi-pedestrianised town centre location
Short walk from Hove Railway Station and Brighton beach and promenade
Nearby occupiers include W H Smith, J D Wetherspoon, Specsavers, Ladbrokes, Clinton Cards, Lloyds TSB and Barclays
Six week completion available

Lot
15
Auction
9th December 2010
Rent
£21,000 per Annum Exclusive
Status
Sold
Price
£400,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

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Freehold Bank Investment

Let to Bradford & Bingley plc t/a Santander until 2021
Important 2011 rent review
Prime semi-pedestrianised town centre location
Short walk from Hove Railway Station and Brighton beach and promenade
Nearby occupiers include W H Smith, J D Wetherspoon, Specsavers, Ladbrokes, Clinton Cards, Lloyds TSB and Barclays
Six week completion available

Lot 15
Auction 9th December 2010
Rent £21,000 per Annum Exclusive
Status Sold
Price £400,000
Sector
Bank
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

Property Information

Location

11 miles east of Worthing; 55 miles south of London
Roads: A23, A27, A259
Rail: Hove Rail
Air: Gatwick Airport

Situation

The property is prominently situated on the west side of the semi-pedestrianised George Street which is the town's principal retailing thoroughfares. Neighbouring occupiers include W H Smith, Boots Opticians, Specsavers, Ladbrokes, Clinton Cards, Lloyds TSB and Barclays. The property is located approximately 10 minutes' walk from the famous Brighton beach and promenade.

Tenure

Freehold.

Location

11 miles east of Worthing; 55 miles south of London
Roads: A23, A27, A259
Rail: Hove Rail
Air: Gatwick Airport

Situation

Tenure

Freehold.

Description

The property comprises a GROUND FLOOR BANKING HALL with ANCILLARY ACCOMMODATION on the first floor.

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 floor.

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	Reviews
Ground First	Retail Ancillary	51.24 sq m 24.10 sq m	(552 sq ft) (259 sq ft)	BRADFORD & BINGLEY PLC (t/a Santander)	15 years from 24/06/2006 until 23/06/2021 on a full repairing and insuring lease	£21,000	24/06/2011 and 24/06/2016
Totals		75.34 sq m	(811 sq ft)			£21,000

(1) As of 29th September 2008, all of Bradford & Bingley’s retail branches and its savings accounts were transferred to Abbey. On 11th January 2010 these were rebranded to Santander. The remainder of the business was taken into public ownership by the Government. (Source: www.bradford-bingley.co.uk 26/10/2010)NB This property is being marketed on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability