63 Bath Street Ilkeston Derbyshire DE7 8DD

63 Bath Street
Ilkeston
Derbyshire
DE7 8DD

Freehold Bank Investment

  • Entirely let to HSBC Bank Plc until 2023 (no breaks)
  • Located on the pedestrianised Bath Street within town centre
  • Annual Rent Reviews linked to RPI rising to a minimum of £58,059.45 pa in June 2022
  • Nearby occupiers include Wilko, Boots, Subway and Ladbrokes
  • VAT-free Investment
  • Lot
    32
  • Auction
    18th October 2018
  • Rent
    £52,599 per Annum Exclusive
  • Status
    Sold
  • Price
    £490,000
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On the Instructions of a Charitable Foundation
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Bank Investment

  • Entirely let to HSBC Bank Plc until 2023 (no breaks)
  • Located on the pedestrianised Bath Street within town centre
  • Annual Rent Reviews linked to RPI rising to a minimum of £58,059.45 pa in June 2022
  • Nearby occupiers include Wilko, Boots, Subway and Ladbrokes
  • VAT-free Investment
  • Lot 32
  • Auction 18th October 2018
  • Rent
  • Status Sold
  • Price £490,000
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On the Instructions of a Charitable Foundation

Property Information

Location
Miles
7 miles west of Nottingham
29 miles north of Leicester
50 miles north-east of Birmingham
Roads
A610, A52, M1
Rail
Ilkeston Railway Station
Air
Birmingham Airport
Situation

Ilkeston is a market town some 7 miles west of Nottingham. The property is situated in a prime pitch on the western side of the pedestrianised High Street, in Ilkeston town centre. Nearby occupiers include Wilko, Boots, Subway, Ladbrokes and H Samuel.

Tenure

Freehold.

Location
Miles
7 miles west of Nottingham
29 miles north of Leicester
50 miles north-east of Birmingham
Roads
A610, A52, M1
Rail
Ilkeston Railway Station
Air
Birmingham Airport
Situation

Ilkeston is a market town some 7 miles west of Nottingham. The property is situated in a prime pitch on the western side of the pedestrianised High Street, in Ilkeston town centre. Nearby occupiers include Wilko, Boots, Subway, Ladbrokes and H Samuel.

Tenure

Freehold.

Description

The property is a substantial four storey building comprising a ground floor banking hall with ancillary accommodation on part first and part second floors with additional attic accommodation accessed via a hatch, and basement accommodation. The remainder of the first floor and second floors comprise selfcontained accommodation accessed from the car park, providing a total of nine rooms, two WCs and one bathroom. There is an additional two storey extension known as ‘The Nook’, which is accessed from the rear and has been boarded up. Neither the self-contained upper parts nor the two story extension are currently in use by the tenant. The property benefits from two car parking spaces to the rear.

VAT

VAT is not applicable to this lot.

Viewings

A block viewing will be held for this property on Wednesday 10th October at 1pm. If you would like to attend you must register with us in advance, no later than midday on Monday 8th 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.

Description

The property is a substantial four storey building comprising a ground floor banking hall with ancillary accommodation on part first and part second floors with additional attic accommodation accessed via a hatch, and basement accommodation. The remainder of the first floor and second floors comprise selfcontained accommodation accessed from the car park, providing a total of nine rooms, two WCs and one bathroom. There is an additional two storey extension known as ‘The Nook’, which is accessed from the rear and has been boarded up. Neither the self-contained upper parts nor the two story extension are currently in use by the tenant. The property benefits from two car parking spaces to the rear.

VAT

VAT is not applicable to this lot.

Viewings

A block viewing will be held for this property on Wednesday 10th October at 1pm. If you would like to attend you must register with us in advance, no later than midday on Monday 8th 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

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews
63 Ground
First
Second
Third/Attic
Banking Hall
Ancillary
Ancillary
Ancillary
172.70 sq m
85.00 sq m
122.50 sq m
18.20 sq m
(1,859 sq ft)
(915 sq ft)
(1,319 sq ft)
(196 sq ft)
HSBC
BANK
PLC (1)
15 years from
04/06/2008
until
03/06/2023
on a full
repairing
and insuring
lease
£52,599 Annual RPI linked uplifts
rising to a minimum of:
04/06/2019 £53,913.98 pa
04/06/2020 £55,261.82 pa
04/06/2021 £56,643.37 pa
04/06/2022 £58,059.45 pa
(2)
Uppers First/Second 9 Rooms,
2 WCs,
Bathroom

Not measured

The Nook Ground/First  

Not measured

Total
273.20 sq m
(2,941 sq ft)
    £52,599  

(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

  • Site Plan
    Updated Date
    28.10.19
    File Size
    1 MB
    View PDF
  • Catalogue Page
    Updated Date
    28.10.19
    File Size
    658 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

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

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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