Let to Lloyds Banking Group plc until 2023 (no breaks)
Prosperous and historic market town
No VAT payable
Prominent town centre location close to pedestrianised Market Place
Nearby occupiers include Superdrug, Boots the Chemist, WH Smith and Pizza Express
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 22
Auction 23rd March 2016
Rent £60,150 per Annum Exclusive
Status Withdrawn Post
Price
Sector Bank
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
15 miles north-east of Leicester, 15 miles east of Loughborough, 19 miles south-east of Nottingham
Roads
M1, A46, A606, A607
Rail
Melton Mowbray Railway Station
Air
East Midlands Airport
Situation
Melton Mowbray is an affluent and historic market town. The property is prominently situated on the north side of Sherrard Street, close to its junction with pedestrianised Market Place. Nearby occupiers include Superdrug, Boots the Chemist, WH Smith and Pizza Express.
Tenure
Freehold.
Location
Miles
15 miles north-east of Leicester, 15 miles east of Loughborough, 19 miles south-east of Nottingham
Roads
M1, A46, A606, A607
Rail
Melton Mowbray Railway Station
Air
East Midlands Airport
Situation
Melton Mowbray is an affluent and historic market town. The property is prominently situated on the north side of Sherrard Street, close to its junction with pedestrianised Market Place. Nearby occupiers include Superdrug, Boots the Chemist, WH Smith and Pizza Express.
Tenure
Freehold.
Description
The property benefits from a substantial frontage to the busy Sherrard Street and comprises a ground floor banking hall with ancillary accommodation on the basement and first floors.
Six Week Completion
VAT
VAT is not applicable to this lot.
Viewings
There will be one viewing date. Interested parties must register their details with the Auctioneers and provide identification on-site. Please contact Alec Linfield. Telephone: +44 (0)20 7034 4860.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property benefits from a substantial frontage to the busy Sherrard Street and comprises a ground floor banking hall with ancillary accommodation on the basement and first floors.
Six Week Completion
VAT
VAT is not applicable to this lot.
Viewings
There will be one viewing date. Interested parties must register their details with the Auctioneers and provide identification on-site. Please contact Alec Linfield. Telephone: +44 (0)20 7034 4860.
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 Ground First
Ancillary Banking Hall Ancillary
24.53 sq m 290.32 sq m 25.46 sq m
(264 sq ft) (3,125 sq ft) (274 sq ft)
LLOYDS BANKING GROUP PLC (1)
10 years from 24/06/2013 on a full repairing and insuring lease
£60,150
24/06/2018 (23/06/2023)
Totals
340.31 sq m
(3,663 sq ft)
£60,150
(1) For the year ending 31st December 2014, Lloyds Banking Group plc reported a working capital of £287,617,000,000, pre-tax profits of £1,762,000,000 and a total net worth of £44,604,000,000. (Source: www.riskdisk.com 22/02/2016)
