Santander Bank, 38 - 39 Queens Square Crawley West Sussex RH10 1HG

  • Santander Bank, 38 - 39 Queens Square<br>Crawley<br>West Sussex<br>RH10 1HG

Santander Bank, 38 - 39 Queens Square
Crawley
West Sussex
RH10 1HG

Freehold Bank Investment

  • Entirely let to Santander UK Plc
  • Tenant in occupation since at least 1991
  • Only Santander branch in Crawley
  • Pedestrianised town centre location opposite The Pavilion Shopping Centre
  • Nearby occupiers include Marks & Spencer, Superdrug, New Look, Costa and Waterstones
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    4
  • Auction
    8th December 2016
  • Rent
    £53,050 per Annum Exclusive
  • Status
    Sold
  • Price
    £720,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Interested?
  • Expand
  • Photos
  • Map

Freehold Bank Investment

  • Entirely let to Santander UK Plc
  • Tenant in occupation since at least 1991
  • Only Santander branch in Crawley
  • Pedestrianised town centre location opposite The Pavilion Shopping Centre
  • Nearby occupiers include Marks & Spencer, Superdrug, New Look, Costa and Waterstones
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 4
  • Auction 8th December 2016
  • Rent £53,050 per Annum Exclusive
  • Status Sold
  • Price £720,000
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
21 miles north Brighton
23 miles west of Tunbridge Wells
30 miles south of Central London
Roads
A23, A264, M23 (Junctions 10, 10A & 11)
Rail
Crawley Railway Station
Air
London Gatwick Airport
Situation

Crawley is a popular London and Brighton commuter town located approximately 2 miles south of London Gatwick airport. The property is prominently situated on the south side of pedestrianised Queens Square, opposite The Pavilion Shopping Centre and close to its junction with The Broadway in the heart of the town centre. Nearby occupiers include Marks & Spencer, Superdrug, New Look, Costa and Waterstones.
Crawley Borough Council's £3.2 million regeneration of Queens Square is now underway, with works to include; relocation of the bandstand, installation of new high quality paving, landscaping, street lighting and new street furniture. The works are due to complete August 2017 (www.crawley.gov.uk).

Tenure

Freehold.

Location
Miles
21 miles north Brighton
23 miles west of Tunbridge Wells
30 miles south of Central London
Roads
A23, A264, M23 (Junctions 10, 10A & 11)
Rail
Crawley Railway Station
Air
London Gatwick Airport
Situation

Crawley is a popular London and Brighton commuter town located approximately 2 miles south of London Gatwick airport. The property is prominently situated on the south side of pedestrianised Queens Square, opposite The Pavilion Shopping Centre and close to its junction with The Broadway in the heart of the town centre. Nearby occupiers include Marks & Spencer, Superdrug, New Look, Costa and Waterstones.
Crawley Borough Council's £3.2 million regeneration of Queens Square is now underway, with works to include; relocation of the bandstand, installation of new high quality paving, landscaping, street lighting and new street furniture. The works are due to complete August 2017 (www.crawley.gov.uk).

Tenure

Freehold.

Description

The property, an interconnecting double fronted banking premises, comprises a ground floor banking hall with office and ancillary accommodation on the first and second floors.

VAT

VAT is 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 and provide identification on site. Please contact Will Moore. Email: will.moore@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, an interconnecting double fronted banking premises, comprises a ground floor banking hall with office and ancillary accommodation on the first and second floors.

VAT

VAT is 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 and provide identification on site. Please contact Will Moore. Email: will.moore@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 Reversion
Ground
First
Second		 Banking Hall/Ancillary
Office/Ancillary
Office/Ancillary
170.74 sq m
117.37 sq m
99.54 sq m
(1,83 8 sq ft)
(1,263 sq ft)
(1,072 s q ft)
 SANTANDER
UK PLC (1)		 Approx 5 years from 25/12/2015 (on two co-terminous leases) £53,050 (2) 31/12/2020
Totals
387.65 sq m
(4,173 s q ft)
     £53,050 (2)  

(1) For the year ending 31st December 2015, Santander UK Plc reported pre-tax profits of £1,345,000,000 and a total net worth of £13,279,000,000 (Source: Experian Group 26/10/2016).
(2) The property is let on two co-terminous leases. No. 38 is let at £26,800 p.a.x and No. 39 is let at £26,250 p.a.x, therefore the property produces a total of £53,050 p.a.x.

Contacts

Seller's Solicitors
Pinsent Masons LLP 1 Park Row
Leeds
LS1 5AB
Sarah Barlas 0113 231 4020sarah.barlas@pinsentmasons.com

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?