Royal Bank of Scotland 26 St Annes Road West & 1 - 5 (Odd) Orchard Road Lytham St Annes Lancashire FY8 1RN

Royal Bank of Scotland
26 St Annes Road West & 1 - 5 (Odd) Orchard Road
Lytham St Annes
Lancashire
FY8 1RN

Virtual Freehold Bank Investment

  • Predominantly let to The Royal Bank of Scotland plc until 2028 (no breaks)
  • Rent reviewed to the higher of Open Market Rental Value or a fixed rental increase of 3.75% in 2021
  • Popular and prosperous town
  • Nearby occupiers include Marks & Spencer, Tesco Express, WH Smith, Caffè Nero, Boots the Chemist, and New Look
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    2
  • Auction
    7th July 2016
  • Rent
    £20,500 per Annum Exclusive
  • Status
    Sold
  • Price
    £365,000
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • Expand
  • Photos
  • Map

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

Virtual Freehold Bank Investment

  • Predominantly let to The Royal Bank of Scotland plc until 2028 (no breaks)
  • Rent reviewed to the higher of Open Market Rental Value or a fixed rental increase of 3.75% in 2021
  • Popular and prosperous town
  • Nearby occupiers include Marks & Spencer, Tesco Express, WH Smith, Caffè Nero, Boots the Chemist, and New Look
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 2
  • Auction 7th July 2016
  • Rent
  • Status Sold
  • Price £365,000
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG

Property Information

Location
Miles
50 miles north-west of Manchester, 14 miles west of Preston
Roads
A583, A584, M55 (Junction 4)
Rail
St Annes-on-Sea Railway Station
Air
Liverpool John Lennon Airport, Manchester Airport
Situation

Lytham St Annes is a popular and affluent Lancashire resort town famous for the Royal Lytham & St Annes Golf Club, a regular on the Open Championship rotation. The property is situated in a prominent corner position on the busy St Annes Road West and at its junction with Orchard Road in the heart of St Annes-on-Sea. Nearby occupiers include Marks & Spencer, Tesco Express, WH Smith, Caffè Nero, Boots the Chemist and New Look.

Tenure

Virtual Freehold. for a term of 967 years from 25th March 1890 at a fixed rent reserved of £20 per annum exclusive.

Location
Miles
50 miles north-west of Manchester, 14 miles west of Preston
Roads
A583, A584, M55 (Junction 4)
Rail
St Annes-on-Sea Railway Station
Air
Liverpool John Lennon Airport, Manchester Airport
Situation

Lytham St Annes is a popular and affluent Lancashire resort town famous for the Royal Lytham & St Annes Golf Club, a regular on the Open Championship rotation. The property is situated in a prominent corner position on the busy St Annes Road West and at its junction with Orchard Road in the heart of St Annes-on-Sea. Nearby occupiers include Marks & Spencer, Tesco Express, WH Smith, Caffè Nero, Boots the Chemist and New Look.

Tenure

Virtual Freehold. for a term of 967 years from 25th March 1890 at a fixed rent reserved of £20 per annum exclusive.

Description

The property comprises a ground floor banking hall with ancillary accommodation in the basement and self-contained commercial and residential accommodation on the basement, part ground, first and second floors accessed via Orchard Road.

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 Alec Linfield. Tel: 020 7034 4860.

Completion Period

Six Week Completion

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 in the basement and self-contained commercial and residential accommodation on the basement, part ground, first and second floors accessed via Orchard Road.

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 Alec Linfield. Tel: 020 7034 4860.

Completion Period

Six Week Completion

EPC

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

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews
26 St Annes
Road West
Basement
Ground
Ancillary
Banking Hall
61.50 sq m
135.45 sq m
(662 sq ft)
(1,458 sq ft)
THE ROYAL BANK
OF SCOTLAND PLC
(1)
Approx 22 years from 13/12/2006
until 11/12/2028
£20,500 11/12/2021
(2)
11/12/2026
1-5 (Odd)
Orchard
Road
Basement,
Ground, First
& Second
Residential
(–)
INDIVIDUAL 175 years from 31/10/2014
expiring in 2189
Peppercorn
Total Commercial    
196.95 sq m
(2,120 sq ft)
    £20,500

(1) For the year ending 31st December 2015, Royal Bank of Scotland have a market capitalisation of £35.1bn and are 72.6% owned by HM Government (Source: www.investors.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
    15.06.16
    File Size
    684 KB
    View PDF
  • Site Plan
    Updated Date
    15.06.16
    File Size
    492 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
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Shulmans LLP 10 Wellington Place
Leeds
LS1 4AP
Kieran Wilkinson 0113 2452833kwilkinson@shulmans.co.uk

Useful Links

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

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