National Westminster Bank 52/ 52A/ 52B London Road Alderley Edge Cheshire SK9 7EF

National Westminster Bank
52/ 52A/ 52B London Road
Alderley Edge
Cheshire
SK9 7EF

Attractive Bank/Office Investment

  • Producing £31,000 per annum exclusive (gross), £30,986.33 p.a.x (net)
  • Predominantly let to National Westminster Bank plc until 2027 (no breaks)
  • Rent reviewed to the higher of Open Market Rental Value or a fixed increase of 3.75% in 2021
  • Highly affluent and desirable residential location
  • Prominent corner location situated amongst independent boutique retailers and restaurants and national retailers including Caffè Nero, Costa Coffee, Barclays and Waitrose
  • VAT-free investment
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    6
  • Auction
    21st May 2015
  • Rent
    £31,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £659,000
  • Sector
    Bank
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Attractive Bank/Office Investment

  • Producing £31,000 per annum exclusive (gross), £30,986.33 p.a.x (net)
  • Predominantly let to National Westminster Bank plc until 2027 (no breaks)
  • Rent reviewed to the higher of Open Market Rental Value or a fixed increase of 3.75% in 2021
  • Highly affluent and desirable residential location
  • Prominent corner location situated amongst independent boutique retailers and restaurants and national retailers including Caffè Nero, Costa Coffee, Barclays and Waitrose
  • VAT-free investment
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 6
  • Auction 21st May 2015
  • Rent
  • Status Sold
  • Price £659,000
  • Sector
    Bank
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
6 miles north-west of Macclesfield,14 miles south of Manchester
Roads
A34, A537, A538, M6 (Junction 19), M56 (Junction 6)
Rail
Alderley Edge Railway Station
Air
Manchester Airport
Situation

Alderley Edge is an attractive and highly affluent Cheshire village, located 14 miles south of Manchester City Centre and close to the M6, M56 and Manchester Airport. The property is situated in a prominent corner position at the junction of the busy London Road and George Street. London Road features a number of independent boutique retailers, cafés, restaurants and national retailers including Caffé Nero, Costa Coffee, Barclays and Waitrose.

Tenure

Virtual Freehold. for a term of 994 years from 23rd February 1858 at a fixed rent of £13.67 p.a.x

Location
Miles
6 miles north-west of Macclesfield,14 miles south of Manchester
Roads
A34, A537, A538, M6 (Junction 19), M56 (Junction 6)
Rail
Alderley Edge Railway Station
Air
Manchester Airport
Situation

Alderley Edge is an attractive and highly affluent Cheshire village, located 14 miles south of Manchester City Centre and close to the M6, M56 and Manchester Airport. The property is situated in a prominent corner position at the junction of the busy London Road and George Street. London Road features a number of independent boutique retailers, cafés, restaurants and national retailers including Caffé Nero, Costa Coffee, Barclays and Waitrose.

Tenure

Virtual Freehold. for a term of 994 years from 23rd February 1858 at a fixed rent of £13.67 p.a.x

Description

The property, an attractive period building, comprises a banking hall on part of the ground floor with basement and first floor ancillary accommodation. Other parts of the basement to second floors (numbers 52A and 52B) are self contained office accommodation. Additionally, the property benefits from car parking to the rear.

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 a single block viewing for this property.
All interested parties must register their details with the
Auctioneers prior to the viewing date and provide identification on
site. Please contact Will Moore. Email: will.moore@acuitus.co.uk

EPC

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

Description

The property, an attractive period building, comprises a banking hall on part of the ground floor with basement and first floor ancillary accommodation. Other parts of the basement to second floors (numbers 52A and 52B) are self contained office accommodation. Additionally, the property benefits from car parking to the rear.

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 a single block viewing for this property.
All interested parties must register their details with the
Auctioneers prior to the viewing date and provide identification on
site. Please contact Will Moore. Email: will.moore@acuitus.co.uk

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
52 London Road
Basement
Ground
Part First
Ancillary
Banking Hall
Ancillary
83.52 sq m
168.06 sq m
20.34 sq m
(899 sq ft)
(1,809 sq ft)
(219 sq ft)
NATIONAL WESTMINSTER BANK PLC (1) Approx 21 years from 13/12/2006 until 11/12/2027 £30,500 11/12/2021 (2)
11/12/2026
52A & 52B London Road
Part Basement,
Ground, First & Second
Offices
-
(-)
INDIVIDUAL 150 years from 30/06/2014 until 2164 (3) £500 (3)  
Totals (Bank Only)
271.92 sq m
(2,927 sq ft)
    £31,000

(1) National Westminster Bank plc is a wholly owned subsidiary of Royal Bank of Scotland plc who have a market capitalisation rate of £43bn and are 81% owned by HM Government. (Source: www.natwest.com & www.rbs.com).
(2)The lease provides for the rent to be reviewed at the next rent review on 11th December 2021 to the higher of Open Market Rental Value or a fixed rental increase of 3.75%.
(3)Let on two leases, each at a fixed rent of £250 per annum.

Property Documents

  • Catalogue Page
    Updated Date
    28.04.15
    File Size
    517 KB
    View PDF
  • Site Plan
    Updated Date
    28.04.15
    File Size
    53 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Fladgate LLP 16 Great Queen Street
London
WC2B 5DG
Richard Kaufman 0203 036 7000rkaufman@fladgate.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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