9 Guildhall Hill Norwich Norfolk NR2 1SN

9 Guildhall Hill
Norwich
Norfolk
NR2 1SN

Freehold Bank Investment

  • Let to TSB Bank Plc
  • 2016 tenant break option not activated
  • Approximately 3,464 sq ft
  • Excellent City Centre position close to Tesco Metro, Jack Wills, Caffè Nero, The White Company, WH Smith & Primark
  • VAT-free bank investment
  • Lot
    40
  • Auction
    13th July 2017
  • Rent
    £60,000 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
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* More information on the term "guide" can be found here

Freehold Bank Investment

  • Let to TSB Bank Plc
  • 2016 tenant break option not activated
  • Approximately 3,464 sq ft
  • Excellent City Centre position close to Tesco Metro, Jack Wills, Caffè Nero, The White Company, WH Smith & Primark
  • VAT-free bank investment
  • Lot 40
  • Auction 13th July 2017
  • Rent
  • Status Sold Prior
  • Price  
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
12 miles west of Great Yarmouth, 42 miles north of Ipswich
Roads
A11, A140, A147
Rail
Norwich Railway Station
Air
Norwich International
Situation

The property is situated on the northern side of the pedestrianised section of Guildhall Hill, at its junction with Goal Hill and Gentleman's Walk, in the heart of the City Centre. Gentleman's Walk houses retailers including Primark, Top Shop and WH Smith, with other nearby occupiers including Tesco Metro, Jack Wills, Caffè Nero and The White Company.

Tenure

Freehold.

Location
Miles
12 miles west of Great Yarmouth, 42 miles north of Ipswich
Roads
A11, A140, A147
Rail
Norwich Railway Station
Air
Norwich International
Situation

The property is situated on the northern side of the pedestrianised section of Guildhall Hill, at its junction with Goal Hill and Gentleman's Walk, in the heart of the City Centre. Gentleman's Walk houses retailers including Primark, Top Shop and WH Smith, with other nearby occupiers including Tesco Metro, Jack Wills, Caffè Nero and The White Company.

Tenure

Freehold.

Description

The property comprises a ground floor banking hall, with ancillary accommodation on basement and ancillary and office accommodation on first, second and third floors.

VAT

VAT is not applicable to this lot.

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 basement and ancillary and office accommodation on first, second and third floors.

VAT

VAT is not applicable to this lot.

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
Basement
(Trap Door Access)
First
Second
Third (unused)
Banking Hall
Ancillary

Offices/Ancillary
Offices/Ancillary
Offices/Ancillary
128.95 sq m
55.00 sq m

60.02 sq m
63.92 sq m
13.94 sq m
(1,388 sq ft)
(592 sq ft)

(646 sq ft)
(688 sq ft)
(150 sq ft)
TSB BANK
PLC (1)
15 years from
21/12/2006 on a
full repairing and
insuring lease (2)
£60,000 20/12/2021
Total  
321.83 sq m
(3,464 sq ft)
    £60,000  

(1) For the year ending 31st December 2016, TSB Bank Plc reported pre-tax profits of £182,300,000 and a total net worth of £1,879,200,000 (Source: Experian Group 08/06/2017).
(2) Mid term repairing and redecoration liabilities on the upper floors and plant rooms are limited - please see the lease.

Property Documents

  • Site Plan
    Updated Date
    11.11.19
    File Size
    3 MB
    View PDF
  • Catalogue Page
    Updated Date
    11.11.19
    File Size
    737 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
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Solomon Taylor & Shaw Solicitors 3 Coach House Yard, Hampstead High Street
London
NW3 1QF
Barry Shaw 0207 317 8679barry@solts.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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