National Westminster Bank 17 Mona Street Amlwch Angelsey LL68 9AR

National Westminster Bank
17 Mona Street
Amlwch
Angelsey
LL68 9AR

Freehold Bank Investment with Residential Development Consent on Upper Parts

  • Bank 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 consent to convert to 4 x one and two bedroom flats plus planning consent for an additional 6 x two bedroom flats
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    33
  • Auction
    7th July 2016
  • Rent
    £6,900 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
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* More information on the term "guide" can be found here

Freehold Bank Investment with Residential Development Consent on Upper Parts

  • Bank 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 consent to convert to 4 x one and two bedroom flats plus planning consent for an additional 6 x two bedroom flats
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 33
  • Auction 7th July 2016
  • Rent
  • Status Sold Post
  • Price  
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    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

Amlwch is located on the north coast of the Isle of Anglesey on the 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

Amlwch is located on the north coast of the Isle of Anglesey on the 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.

VAT

VAT is applicable to this lot.

Planning

Planning consent has been granted for conversion of the upper parts to 4 x one and two bedroom flats. In addition, planning consent has been granted for 6 x two bedroom flats to be built at the rear.

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: 0207 034 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 and self-contained office accommodation on the first and second floors. The property benefits from a large site and car parking to the rear.

VAT

VAT is applicable to this lot.

Planning

Planning consent has been granted for conversion of the upper parts to 4 x one and two bedroom flats. In addition, planning consent has been granted for 6 x two bedroom flats to be built at the rear.

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: 0207 034 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 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
Planning consent for
Residential Conversion
for 1 x two bed and 3 x
one bed flats
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 as at 31/12/2015 have a market capitalisation rate of £35.1bn and are 72.6% owned by HM Government. (Source: www.natwest.com & 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

  • Site Plan
    Updated Date
    15.06.16
    File Size
    428 KB
    View PDF
  • Catalogue Page
    Updated Date
    15.06.16
    File Size
    616 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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