Lloyds Bank
5 - 8 The Parade, Court Road
Brockworth
Nr Gloucester, Gloucestershire
GL3 4EW

Freehold Bank and Residential Investment

  • Entirely let to Lloyds bank Plc until 2022
  • 2017 tenant option NOT exercised
  • Includes three bedroom self-contained flat
  • Nearby occupiers include a Co-op supermarket, Lloyds Pharmacy, Coral, Sue Ryder and a number of local retailers
  • Lot
    2
  • Auction
    14/Feb/2018
  • Rent
    £19,500 per Annum Exclusive
  • Status
    Sold Post
  • Price*
     
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • Lloyds Bank<br>5 - 8 The Parade, Court Road<br>Brockworth<br>Nr Gloucester, Gloucestershire<br>GL3 4EW
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Property Information

Location
Miles
4 miles east of Gloucester, 33 miles north-east of Bristol, 45 miles south of Birmingham
Roads
A417, A38, A40, M5 (Junction 11a approximately 1 mile)
Rail
Gloucester Railway Station
Air
Gloucestershire Airport
Situation

Brockworth is a predominantly residential suburb of Gloucester, prominently located with 1/4 mile of Gloucester Business Park, with occupiers including BAE, Ageas and others, and just 4 miles south-east of Gloucester city centre. The property is situated on the east side of Court Road, at the end of a parade of commercial units. Neighbouring occupiers include a Co-op supermarket, Lloyds Pharmacy, Coral and Sue Ryder.

Tenure

Freehold.

Description

The property comprises a double fronted bank arranged on the ground and first floors. In addition, there is a self-contained three bedroom flat on the first floor accessed via the side of the property and with parking at the rear of the property.

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

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
Ground
Ground
Ground
Part First
Part First
Banking Hall
Offices
Strong Room/Stores
Ancillary
Residential
153.47sq m
31.59sq m
25.73 sq m
54.07 sq m
Not measured
(1,652 sq ft)
(340 sq ft)
(277 sq ft)
(582 sq ft
LLOYDS
BANK
PLC
10 years from
25/03/2012 on a full
repairing and
insuring lease (1) (2)
£19,50024/03/2022
Totals
264.86 sq m
(2,509 sq ft)
  £19,500 

(1) Tenant option to determine in March 2017 was not exercised.
(2) The tenant has sublet the residential flat.
(3) The floor areas stated above were agreed between the parties at a previous rent review.

Property Documents

  • Catalogue Page
    Updated Date
    23.01.18
    File Size
    635 KB
    View PDF
  • Site Plan
    Updated Date
    23.01.18
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 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 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44(0)20 7034 4854billy.struth@acuitus.co.uk
Associate Auctioneers
Cliffe - Roberts Limited 1 Fernacre Business Park, Budds Lane
Romsey
SO51 0HA
Peter Cliffe-Roberts 01794 521 484peter@clifferoberts.com
Seller's Solicitors
Beeton Edwards Mills Unit C, Drivers Wharf Business Park, Northam Road
Southampton
Hampshire
SO14 0PF
Dominic Beeton 02380 382 850dominic@beetonedwards.co.uk

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