Substantial five storey period building in affluent Bristol suburb
Let to Lloyds Bank Plc until December 2025 (no breaks)
Close to Bristol University buildings and Bristol Museum and Art Gallery
Nearby occupiers include Waitrose, Boots, Space.NK, Bill’s Restaurant and Wagamama
Lot 30
Auction 11th July 2018
Rent £100,500 per Annum Exclusive
Status Sold
Price £1,780,000
Sector Bank
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of a Major Pension Fund
Property Information
Location
Miles
13 miles west of Bath, 50 miles east of Cardiff
Roads
A38, A4032, M32, M4
Rail
Bristol Temple Meads
(1hr 40 mins to London Paddington)
Air
Bristol International Airport
Situation
Clifton is an affluent suburb of Bristol, located less than a mile west of the city centre. Clifton is a popular residential and commercial area, being home to a number of Bristol University buildings (student body of over 20,000), including the Wills Memorial Building on Queens Road, and the main administrative building, Senate House, which is within a 5 minute walk of the subject property. Queens Road (A4108) is a busy thoroughfare leading to the city centre via Park Row. Bristol Museum and Art Gallery is located some 150 metres from the property, with Bristol Grammar School, Bristol Lido and Colston Hall also within walking distance. Other nearby occupiers including Waitrose, Boots, NatWest and White Stuff, along with a number of restaurants such as Wagamama, Cau, Wahaca and Bill’s.
Tenure
Freehold.
Location
Miles
13 miles west of Bath, 50 miles east of Cardiff
Roads
A38, A4032, M32, M4
Rail
Bristol Temple Meads
(1hr 40 mins to London Paddington)
Air
Bristol International Airport
Situation
Clifton is an affluent suburb of Bristol, located less than a mile west of the city centre. Clifton is a popular residential and commercial area, being home to a number of Bristol University buildings (student body of over 20,000), including the Wills Memorial Building on Queens Road, and the main administrative building, Senate House, which is within a 5 minute walk of the subject property. Queens Road (A4108) is a busy thoroughfare leading to the city centre via Park Row. Bristol Museum and Art Gallery is located some 150 metres from the property, with Bristol Grammar School, Bristol Lido and Colston Hall also within walking distance. Other nearby occupiers including Waitrose, Boots, NatWest and White Stuff, along with a number of restaurants such as Wagamama, Cau, Wahaca and Bill’s.
Tenure
Freehold.
Description
The property, an attractive Grade II listed period building, comprises an impressive five storey period building providing a banking hall on ground floor with ancillary accommodation over basement and upper floors. The tenant is in the process of internally refurbishing
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, an attractive Grade II listed period building, comprises an impressive five storey period building providing a banking hall on ground floor with ancillary accommodation over basement and upper floors. The tenant is in the process of internally refurbishing
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.
15 years from 01/12/2010 on a full repairing and insuring lease
£100,500
01/12/2020 (30/11/2025)
Total
704.40 sq m
(7,582 sq ft)
£100,500
(1) For the year ending 31st December 2017, Lloyds Bank Plc reported pre tax profits of £5,035,000,000 and a total net worth of £47,675,000,000 (Source: Experian 06/06/2018)
