503 Langsett Road Hillsborough Yorkshire S6 2LP

503 Langsett Road
Hillsborough
Yorkshire
S6 2LP

Freehold Bank Investment

  • Entirely let to HSBC Bank Plc until 2023 (no breaks)
  • Town centre location, 2.6 miles from Sheffield city centre
  • Annual Rent Reviews linked to RPI rising to a minimum of £32,658.38 pa in June 2022
  • Nearby occupiers include Costa Coffee, William Hill and JD Weatherspoon public house
  • VAT-free investment
  • Lot
    44
  • Auction
    5th December 2018
  • Rent
    £29,587 per Annum Exclusive
  • Status
    Sold
  • Price
    £258,000
  • 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)
  • Town centre location, 2.6 miles from Sheffield city centre
  • Annual Rent Reviews linked to RPI rising to a minimum of £32,658.38 pa in June 2022
  • Nearby occupiers include Costa Coffee, William Hill and JD Weatherspoon public house
  • VAT-free investment
  • Lot 44
  • Auction 5th December 2018
  • Rent
  • Status Sold
  • Price £258,000
  • 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
2.6 miles north-west of Sheffield city centre
8 miles west of Rotherham
Roads
A629, A57, M1
Rail
Sheffield Train Station
Air
Manchester Airport
Situation

Hillsborough is a popular commuter suburb in north-west Sheffield, near the Peak District National Park and just 2.6 miles from Sheffield city centre. The property occupies a prominent position on Langsett Road, which runs parallel to the A61. Nearby occupiers include Costa Coffee, William Hill and JD Weatherspoon

Tenure

Freehold.

Location
Miles
2.6 miles north-west of Sheffield city centre
8 miles west of Rotherham
Roads
A629, A57, M1
Rail
Sheffield Train Station
Air
Manchester Airport
Situation

Hillsborough is a popular commuter suburb in north-west Sheffield, near the Peak District National Park and just 2.6 miles from Sheffield city centre. The property occupies a prominent position on Langsett Road, which runs parallel to the A61. Nearby occupiers include Costa Coffee, William Hill and JD Weatherspoon

Tenure

Freehold.

Description

The property is a two storey building and comprises a ground floor banking hall with first floor office and basement ancillary accommodation.

VAT

VAT is not applicable to this lot.

Note

Reserve not to exceed £250,000

Viewings

A block viewing will be held for this property. Please refer to the website for the scheduled date and time.

Completion Period

Six Week Completion Available

EPC

Available from the legal pack at www.acuitus.co.uk

Description

The property is a two storey building and comprises a ground floor banking hall with first floor office and basement ancillary accommodation.

VAT

VAT is not applicable to this lot.

Note

Reserve not to exceed £250,000

Viewings

A block viewing will be held for this property. Please refer to the website for the scheduled date and time.

Completion Period

Six Week Completion Available

EPC

Available from the legal pack at www.acuitus.co.uk

Tenancy & Accommodation

Floor Use
Floor Areas (Approx)
Tenant Term Rent p.a.x Reviews
Ground
Basement
First
Banking Hall
Ancillary
Office
161.59 sq m
89.80 sq m
71.90 sq m
(1,739 sq ft)
(966 sq ft)
(774 sq ft)
HSBC BANK
PLC (1) (2)
15 years from
04/06/2008 until
03/06/2023 on a
full repairing
and insuring
lease
£29,587 Annual RPI linked uplifts
rising to a minimum of:
04/06/2019 £30,326.55
04/06/2020 £31,084.72
04/06/2021 £31,861.84
04/06/2022 £32,658.38
(3)
Total
323.29 sq m
(3,479 sq ft)
    £29,587  

(1) For the year ending 31st December 2017, HSBC Bank plc did not report a turnover, but reported pre-tax profits of £2.37bn, shareholders’ funds of £44.049bn and a net worth of £38.113bn (Source: Experian Group 10/08/2018). HSBC is one of the world’s largest banking and financial services organisations – further information can be found at www.hsbc.com
(2) The tenant is not currently in occupation.
(3) 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
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    28.10.19
    File Size
    691 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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