14 High Street Leighton Buzzard Bedfordshire LU7 1DY

  • 14 High Street<br>Leighton Buzzard<br>Bedfordshire<br>LU7 1DY

14 High Street
Leighton Buzzard
Bedfordshire
LU7 1DY

Freehold Bank Investment

  • Let to Bank of Scotland Plc t/a Halifax on a renewed 10 year lease until 2026 (subject to options)
  • Halifax in occupation since at least 1994
  • First time on the market since 1994
  • Affluent commuter town
  • Residential redevelopment potential of rear outbuilding
  • Nearby occupiers include WH Smith, NatWest Bank and Costa
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    1
  • Auction
    13th October 2016
  • Rent
    £25,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £445,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
Important UpdateInterested?
  • Expand
  • Photos
  • Map

Freehold Bank Investment

  • Let to Bank of Scotland Plc t/a Halifax on a renewed 10 year lease until 2026 (subject to options)
  • Halifax in occupation since at least 1994
  • First time on the market since 1994
  • Affluent commuter town
  • Residential redevelopment potential of rear outbuilding
  • Nearby occupiers include WH Smith, NatWest Bank and Costa
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 1
  • Auction 13th October 2016
  • Rent £25,000 per Annum Exclusive
  • Status Sold
  • Price £445,000
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG

Property Information

Location
Miles
12 miles south-east of Milton Keynes, 13 miles north-west of Luton, 42 miles north-west of Central London
Roads
A5, A418, A4146, M1
Rail
Leighton Buzzard Railway Station
Air
Luton Airport
Situation

Leighton Buzzard is an affluent commuter market town located equidistant between Luton and Milton Keynes. The property is situated on the south side of High Street close to Church Square. Nearby occupiers include Argos, WH Smith, NatWest Bank and Costa, with the Waterborne Walk Shopping Centre situated some 80 metres to the north.

Tenure

Freehold.

Location
Miles
12 miles south-east of Milton Keynes, 13 miles north-west of Luton, 42 miles north-west of Central London
Roads
A5, A418, A4146, M1
Rail
Leighton Buzzard Railway Station
Air
Luton Airport
Situation

Leighton Buzzard is an affluent commuter market town located equidistant between Luton and Milton Keynes. The property is situated on the south side of High Street close to Church Square. Nearby occupiers include Argos, WH Smith, NatWest Bank and Costa, with the Waterborne Walk Shopping Centre situated some 80 metres to the north.

Tenure

Freehold.

Description

The property comprises a ground floor banking hall with ancillary accommodation on the first and second floors. The property benefits from vehicular access to the rear of the property for approximately 3 cars, accessed off Church Square and further benefits from an outbuilding which may benefit from residential redevelopment potential (subject to consent).

VAT

VAT is not applicable to this lot.

Viewings

There will be a block viewing for this property. Interested parties must register their details with the Auctioneers and provide identification on site.
Please contact Alec Linfield.
Telephone: +44 (0)20 7034 4860.
Email: alec.linfield@acuitus.co.uk.

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 on the first and second floors. The property benefits from vehicular access to the rear of the property for approximately 3 cars, accessed off Church Square and further benefits from an outbuilding which may benefit from residential redevelopment potential (subject to consent).

VAT

VAT is not applicable to this lot.

Viewings

There will be a block viewing for this property. Interested parties must register their details with the Auctioneers and provide identification on site.
Please contact Alec Linfield.
Telephone: +44 (0)20 7034 4860.
Email: alec.linfield@acuitus.co.uk.

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/(Reversion)
Ground
First
Second		 Banking Hall
Ancillary
Ancillary		 85.70 sq m
39.10 sq m
39.10 sq m		 (922 sq ft)
(421 sq ft)
(421 sq ft)		 BANK OF SCOTLAND PLC (1) 10 years from 30/06/2016 on a full repairing and insuring lease (2) £25,000 30/06/2021
(29/06/2026)
Totals   163.90 sq m 1,764 sq ft)     £25,000  

1) For the year ending 31st December 2015, Bank of Scotland Plc reported a pre-tax profit of £2,653,000,000 and a total net worth of £14,692,000,000. (Source: www.riskdisk.com 18/07/2016).
(2) The lease provides for a tenant option to determine the lease on 29th June 2019, 29th June 2021 and 29th June 2023. The current lease is granted with reference to the terms of the previous lease dated 27th June 2002 in favour of Halifax Plc.

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Freeths LLP Routeco Office Park, Davy Avenue, Knowhill
Milton Keynes
MK5 8HJ
Shashi Chambers 0845 271 6770shashi.chambers@freeths.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

You may also be interested in

By clicking the Submit button I confirm that I would like to get updates on this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

We will keep you updated about lot xthis property.

In the meantime, if you would like to speak to the Surveyor about this property, please call on .

Are you sure you want to remove this property from your Watch List?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?