32 Gloucester Road
Ross-on-Wye
Herefordshire
HR9 5LF

Freehold Bank Investment

  • Entirely let to HSBC Bank Plc until 2023 (no breaks)
  • Located within town centre
  • Annual Rent Reviews linked to RPI rising to a minimum of £29,029.18 pa in June 2022
  • Nearby occupiers include Barclays Bank, Ladbrokes, Specsavers and a One Stop convenience store
  • VAT-free Investment
  • Lot
    1
  • Auction
    18/Oct/2018
  • Rent
    £26,299 per Annum Exclusive
  • Status
    Sold
  • Price*
    £376,000
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On the Instructions of a Charitable Foundation
Important Property Update
  • 32 Gloucester Road<br>Ross-on-Wye<br>Herefordshire<br>HR9 5LF
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  • Photos
  • Map

Property Information

Location
Miles
16 miles west of Gloucester
24 miles south-west of Worcester
Roads
A40, A449, M50
Air
Bristol International Airport
Situation

Ross-on-Wye is a market town in Herefordshire, on the edge of the Forest of Dean and some 16 miles west of Gloucester. The property is situated in occupiers include Barclays Bank, Ladbrokes, Specsavers and a One Stop convenience store.

Tenure

Freehold.

Description

The property is a three storey building comprising a ground floor banking hall and basement and first floor ancillary accommodation The property benefits from a garden and 7 parking spaces to the rear.

VAT

VAT is not applicable to this lot.

Viewings

A block viewing will be held for this property on Tuesday 9th October at 11am. If you would like to attend you must register with us in advance no later than close of business on Thursday 4th October. Please register with Georgina Roberts on georgina.roberts@acuitus.co.uk - you will need to provide the full names of all parties attending and mobile telephone numbers. Photographic ID will be required on site.

Completion Period

Six Week Completion Available

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews
Ground
Basement
First
Banking Hall
Ancillary
Ancillary
122.20 sq m
96.80 sq m
42.20 sq m
(1,315 sq ft)
(1,042 sq ft)
(454 sq ft)
HSBC
BANK PLC
(1)
15 years from
04/06/2008 until
03/06/2023 on a full
repairing and
insuring lease
£26,299Annual RPI linked uplifts
rising to a minimum of:
04/06/2019 £26,956.48 pa
04/06/2020 £27,630.39 pa
04/06/2021 £28,321.15 pa
04/06/2022 £29,029.18 pa
(2)
Total
261.20 sq m
(2,812 sq ft)
  £26,299 

(1) For the year ending 31st December 2017, HSBC Bank plc did not report a turnover, but reported a pre-tax profit of £2.37bn, shareholders’ funds of £44.049bn and a net worth of £38.113bn (Source: Experian Group 10/08/2018). HSBC is one the world’s largest banking and financial services organisations - further information can be found at www.hsbc.com
(2) The lease provides annual RPI linked uplifts capped and collared to a minimum of 2.5% and maximum of 5.5%. The lease provides a tenant’s option to renew the lease for a further 15 years.
NB: Not measured by Acuitus. Areas taken from the VOA at www.voa.gov.uk

Property Documents

  • Catalogue Page
    Updated Date
    26.09.18
    File Size
    785 KB
    View PDF
  • Site Plan
    Updated Date
    26.09.18
    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
Gwen ThomasGwen Thomas +44 (0)20 7034 4857 +44 (0)7809 363549gwen.thomas@acuitus.co.uk
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863georgina.roberts@acuitus.co.uk
Seller's Solicitors
Edwin Coe LLP 2 Stone Buildings, Lincoln's Inn
London
WC2A 3TH
Ian Gilmour 0207 691 4049ian.gilmour@edwincoe.com

Useful Links

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