35 Courtenay Street
Newton Abbot
TQ12 2QL

Freehold Bank Investment

  • Let to Bank of Scotland Plc until 2022 (no breaks)
  • Town centre location
  • Neighbouring occupiers include Iceland, HSBC, Barclays Bank, Carphone Warehouse and Boots
  • Lot
    72
  • Auction
    11/Jul/2018
  • Rent
    £25,000 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price*
     
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • 35 Courtenay Street<br>Newton Abbot<br>TQ12 2QL
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  • Map

Property Information

Location
Miles
7 miles north of Torquay, 15 miles south of Exeter
Roads
A381, A38
Rail
Newton Abbot Railway Station
Air
Bristol International Airport, Exeter Airport
Situation

The property is prominently located in the town centre on the north side of Courtenay Street, 70 metres from the popular market square. Neighbouring occupiers include Iceland, HSBC, Barclays Bank, Carphone Warehouse and Boots.

Tenure

Freehold.

Description

The property comprises ground floor banking hall accommodation with ancillary accommodation on the first and second floors. The tenant also occupies the adjacent two units which intercommunicate with 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
First
Second
Banking Hall
Ancillary
Ancillary
54.14 sq m
28.02 sq m
17.25 sq m
(582 sq ft)
(302 sq ft)
(186 sq ft)
BANK OF
SCOTLAND PLC
(1) t/a Halifax
10 years from
10/12/2012 on a
full repairing and
insuring lease
£25,00009/12/2022
Total
99.41 sq m
(1,070 sq ft)
  £25,000 

(1) For the year ending 31st December 2017, Bank of Scotland Plc reported pre-tax profits of £2,804,000,000, and a net worth of £13,083,000,000 (Source: Experian Group 07/06/2018).

Property Documents

  • Catalogue Page
    Updated Date
    19.06.18
    File Size
    969 KB
    View PDF
  • Site Plan
    Updated Date
    19.06.18
    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
Seller's Solicitors
Horsey Lightly Solicitors 2 West Mills
Newbury
Berkshire
RG14 5HG
01635 517220
John Trehearne 01635 517115jtrehearne@horseylightly.com

Useful Links

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