National Westminster Bank 17 Mona Street Amlwch Angelsey LL68 9AR

National Westminster Bank
17 Mona Street
Amlwch
Angelsey
LL68 9AR

Freehold Bank Investment with Vacant Upper Parts

  • Part let to National Westminster Bank plc until 2027 (no breaks)
  • Rent reviewed to the higher of Open Market Rental Value or a fixed rental increase of 3.75% in 2021
  • Vacant possession of upper parts with change of use potential to residential (subject to consents)
  • Historic and attractive coastal town
  • 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
    24
  • Auction
    21st May 2015
  • Rent
    £6,900 per Annum Exclusive
  • Status
    Sold
  • Price
    £107,000
  • 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

Freehold Bank Investment with Vacant Upper Parts

  • Part let to National Westminster Bank plc until 2027 (no breaks)
  • Rent reviewed to the higher of Open Market Rental Value or a fixed rental increase of 3.75% in 2021
  • Vacant possession of upper parts with change of use potential to residential (subject to consents)
  • Historic and attractive coastal town
  • 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 24
  • Auction 21st May 2015
  • Rent
  • Status Sold
  • Price £107,000
  • Sector
    Bank
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
18 miles north-east of Holyhead, 18 miles north-west of Bangor
Roads
A55, A5025
Air
Anglesey Airport
Situation

A5025 connecting Holyhead to the south-west and the Menai Bridge to the south. The property is situated in a prominent corner position on the south side of Mona Street close to its junction with Bull Bay Road (A5025).

Tenure

Freehold.

Location
Miles
18 miles north-east of Holyhead, 18 miles north-west of Bangor
Roads
A55, A5025
Air
Anglesey Airport
Situation

A5025 connecting Holyhead to the south-west and the Menai Bridge to the south. The property is situated in a prominent corner position on the south side of Mona Street close to its junction with Bull Bay Road (A5025).

Tenure

Freehold.

Description

The property comprises a ground floor banking hall with ancillary accommodation and self-contained office accommodation on the first and second floors. The property benefits from a large site and 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 comprises a ground floor banking hall with ancillary accommodation and self-contained office accommodation on the first and second floors. The property benefits from a large site and 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
Ground Banking Hall/
Ancillary
156.63 sq m
(1,686 sq ft)
NATIONAL WESTMINSTER BANK PLC (1) Approx 21 years from 13/12/2006 until 11/12/2027 £6,900 11/12/2021 (2)
11/12/2026
First
Second
Ancillary
Ancillary
91.95 sq m
36.24 sq m
(990 sq ft)
(390 sq ft)
VACANT POSSESSION - - -
Totals  
284.82 sq m
(3,066 sq ft)
    £6,900  

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%.

Property Documents

  • Catalogue Page
    Updated Date
    21.05.19
    File Size
    592 KB
    View PDF
  • Site Plan
    Updated Date
    21.05.19
    File Size
    74 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

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now