Bank Underground (Central, Waterloo & City, Northern, District, Circle lines), Docklands Light Railway
Air
City Airport
Situation
The property is situated in an attractive historic city location immediately west of Bank Junction and some 500 metres east of St Paul's Cathedral. Nearby occupiers include Robert Dyas, Pret A Manger, Optical Express, Nationwide, Boots the Chemist and T M Lewin.
Tenure
Freehold.
Location
250 metres west of Bank Junction and Bank of England
Bank Underground (Central, Waterloo & City, Northern, District, Circle lines), Docklands Light Railway
Air
City Airport
Situation
The property is situated in an attractive historic city location immediately west of Bank Junction and some 500 metres east of St Paul's Cathedral. Nearby occupiers include Robert Dyas, Pret A Manger, Optical Express, Nationwide, Boots the Chemist and T M Lewin.
Tenure
Freehold.
Description
The property is an attractive building comprising RETAIL ACCOMMODATION on basement and ground floors and OFFICE ACCOMMODATION on first to fourth floors. The OFFICE ACCOMMODATION benefits from central heating, part secondary glazing and a passenger lift.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property is an attractive building comprising RETAIL ACCOMMODATION on basement and ground floors and OFFICE ACCOMMODATION on first to fourth floors. The OFFICE ACCOMMODATION benefits from central heating, part secondary glazing and a passenger lift.
VAT
VAT is 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
Review/(Reversion)
Basement
Retail
66.89 sq m
(720 sq ft)
RUSSELL HOWARTH (t/a Graham Browne Mens Wear)
2 years and 2 months from 04/10/2010
£7,000
(2012)
Ground
Retail
69.77 sq m
(751 sq ft)
RUSSELL HOWARTH (t/a Graham Browne Mens Wear)
10 years from 25/12/2007
£30,000
(2012)
First
Office
69.49 sq m
(748 sq ft)
LONDON CITY PHYSIOTHERAPY LTD
5 years from 22/03/2006
£13,500
(2011)
Second
Office
78.97 sq m
(850 sq ft)
SECTOR PERSONNEL LTD
19/08/2005 until 28/09/2010 (2)
£17,500
(2010)
Third
Office
66.80 sq m
(719 sq ft)
VACANT POSSESSION
Fourth
N/A
60.11 sq m
(647 sq ft)
VACANT POSSESSION
Totals
412.03 sq m
(4,435 sq ft)
£68,000
(1) The lease provides for a tenant’s option to determine the lease on 25th December 2012 on giving at least six months' written notice.(2) The tenant is holding over.The purchaser will pay 1% plus VAT of the purchase price towards the Vendor's sales costs.
