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 11th July 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Status Withdrawn Post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
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.
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.
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
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
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
£25,000
09/12/2022
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).