11 Canford Lane
Westbury-on-Trym
Bristol
BS9 3DP

Freehold Bank Investment

  • Entirely let to HSBC Bank Plc until 2023 (no breaks)
  • Future development potential (subject to consents)
  • Annual Rent Reviews linked to RPI rising to a minimum of £21,772.71 pa in June 2022
  • Nearby occupiers include a Co-operative supermarket, Connells Estate Agents and Barclays Bank
  • VAT-free Investment
  • Lot
    21
  • Auction
    18/Oct/2018
  • Rent
    £19,725 per Annum Exclusive
  • Status
    Sold
  • Price*
    £406,000
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On the Instructions of a Charitable Foundation
  • 11 Canford Lane<br>Westbury-on-Trym<br>Bristol<br>BS9 3DP
  • Expand
  • Photos
  • Map

Property Information

Location
Miles
4 miles north-west of Bristol, 15 miles north-west of Bath
Roads
A4162, A4, A38, M49, M5, M32
Rail
Sea Mills Rail
Air
Bristol International Airport
Situation

Westbury on Trym is a suburb of the city of Bristol, some 4 miles north of the city centre. The property is located within the town centre on the northern side of Canford Lane. Nearby occupiers include a Co-operative supermarket, Connells Estate Agents, Barclays Bank and a number of independent retailers.

Tenure

Freehold.

Description

The property is a single storey building comprising banking hall and ancillary accommodation. The property benefits from future development potential (subject to consents).

VAT

VAT is not applicable to this lot.

Viewings

A block viewing will be held for this property on Tuesday 9th October at 2pm. If you would like to attend you must register with us in advance no later than midday on Friday 5th 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
GroundBanking Hall/
Ancillary
228.94 sq m
(2,464 sq ft)
HSBC
BANK PLC
(1)
15 years from
04/06/2008
until
03/06/2023 on
a full repairing
and insuring
lease
£19,725Annual RPI linked uplifts
rising to a minimum of:
04/06/2019 £20,218.13 pa
04/06/2020 £20,723.58 pa
04/06/2021 £21,241.67 pa
04/06/2022 £21,772.71 pa
(2)
Total
228.94 sq m
(2,464 sq ft)
  £19,725 

(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

  • Solicitors Legal Pack
    Updated Date
    15.10.18
    File Size
    39 MB
    Login to View
  • Site Plan
    Updated Date
    26.09.18
    File Size
    1 MB
    View PDF
  • Catalogue Page
    Updated Date
    26.09.18
    File Size
    574 KB
    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

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now