Entirely let to Lloyds Bank plc (by way of lease renewal) until 2023 (No breaks)
Approximate site area of 0.13 hectares (0.32 acres) with large garden to rear
Future residential redevelopment potential (subject to lease and consents)
Attractive building in historic market town
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 13
Auction 7th July 2016
Rent £24,000 per Annum Exclusive
Status Sold
Price £460,000
Sector Bank
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
Property Information
Location
Miles
13 miles north of Hereford, 25 miles west of Worcester, 57 miles south-west of Birmingham
Roads
A44, A49, A456, M5 (Junction 7)
Rail
Leominster Railway Station
Air
Birmingham International Airport
Situation
The property is located in the historic market town of Leominster and is prominently situated on the east side of Corn Square which runs off the pedestrianised Drapers Lane and Corn Street. The property benefits from a public car park to the rear for approximately 110 cars with nearby occupiers including Boots the Chemist and WH Smith.
Tenure
Freehold.
Location
Miles
13 miles north of Hereford, 25 miles west of Worcester, 57 miles south-west of Birmingham
Roads
A44, A49, A456, M5 (Junction 7)
Rail
Leominster Railway Station
Air
Birmingham International Airport
Situation
The property is located in the historic market town of Leominster and is prominently situated on the east side of Corn Square which runs off the pedestrianised Drapers Lane and Corn Street. The property benefits from a public car park to the rear for approximately 110 cars with nearby occupiers including Boots the Chemist and WH Smith.
Tenure
Freehold.
Description
The property comprises a ground floor banking hall with ancillary accommodation in the basement and first floors. The property benefits from a large garden to the rear and an approximate site area of 0.13 hectares (0.32 acres).
VAT
VAT is not applicable to this lot.
Viewings
There will be a single block viewing for this property. Interested parties must register their details with the Auctioneers 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 first floors. The property benefits from a large garden to the rear and an approximate site area of 0.13 hectares (0.32 acres).
VAT
VAT is not applicable to this lot.
Viewings
There will be a single block viewing for this property. Interested parties must register their details with the Auctioneers 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
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
Basement Ground First
Ancillary Banking Hall/Ancillary Ancillary
62.43 sq m 177.14 sq m 177.31 sq m
(672 sq ft) (1,907 sq ft) (1,909 sq ft)
LLOYDS BANK PLC (1)
10 years from 05/04/2013 until 2023 on a full repairing and insuring lease
£24,000
05/04/2018
Totals
416.88 sq m
(4,488 sq ft)
£24,000
(1) For the year ending 31/12/2015, Lloyds Bank plc reported pre-tax profits of £1,372,000,000 and a total net worth of £43,108,000,000. (Source: www.riskdisk.com 01/06/2016)