LLoyds Bank 1 Market Place Helston Cornwall TR13 8SU

LLoyds Bank
1 Market Place
Helston
Cornwall
TR13 8SU

Freehold Bank Investment

  • Let to Lloyds Bank Plc until 2023
  • Tenant in occupation for over 20 years
  • 2017 break not exercised
  • Prominent town centre location
  • Nearby occupiers include JD Wetherspoon, Betfred, Domino’s Pizza, Peacocks and M&Co
  • Lot
    54
  • Auction
    5th December 2018
  • Rent
    £25,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £329,000
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
  • Expand
  • Photos
  • Map

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

Freehold Bank Investment

  • Let to Lloyds Bank Plc until 2023
  • Tenant in occupation for over 20 years
  • 2017 break not exercised
  • Prominent town centre location
  • Nearby occupiers include JD Wetherspoon, Betfred, Domino’s Pizza, Peacocks and M&Co
  • Lot 54
  • Auction 5th December 2018
  • Rent
  • Status Sold
  • Price £329,000
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
16 miles south-east of Truro
30 miles south-east of Newquay
Roads
A394, A3083
Air
Plymouth Airport
Exeter International Airport
Cornwall Newquay Airport
Situation

Helston is a popular and attractive market town located between Falmouth and Penzance. The property is prominently situated in the heart of the town centre at the junction of Market Place, Wendron Street and Meneage Street. Nearby occupiers include JD Wetherspoon, Betfred, Domino’s Pizza, Peacocks and M&Co.

Tenure

Freehold.

Location
Miles
16 miles south-east of Truro
30 miles south-east of Newquay
Roads
A394, A3083
Air
Plymouth Airport
Exeter International Airport
Cornwall Newquay Airport
Situation

Helston is a popular and attractive market town located between Falmouth and Penzance. The property is prominently situated in the heart of the town centre at the junction of Market Place, Wendron Street and Meneage Street. Nearby occupiers include JD Wetherspoon, Betfred, Domino’s Pizza, Peacocks and M&Co.

Tenure

Freehold.

Description

The property comprises ground floor banking hall with basement, first and mezzanine ancillary accommodation.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D. See legal pack at acuitus.co.uk.

Description

The property comprises ground floor banking hall with basement, first and mezzanine ancillary accommodation.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D. See legal pack at acuitus.co.uk.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reversion
Ground
First
Basement
Banking Hall
Ancillary
Ancillary
133.75 sq m
82.37 sq m
46.06 sq m
(1,440 sq ft)
(867 sq ft)
(496 sq ft)
LLOYDS BANK
PLC (1)
12 years from
30/06/2011 on a full
repairing and
insuring lease
£25,000 29/06/2023
Totals
262.18 sq m
(2,803 sq ft)
    £25,000  

(1) For the year ending 31st December 2017, Lloyds Bank Plc (CRN 00002065) reported pre-tax profits of £5,035,000,000 and a total net worth of £47,675,000,000 (Source: Experian Group 02/11/2018). The tenant has been in occupation since at least 1995.

Property Documents

  • Site Plan
    Updated Date
    13.11.18
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    13.11.18
    File Size
    931 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

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Blackstone Solicitors The Courtyard, 7 Francis Grove
Wimbledon
London
SW19 4DW
Tehmina Yakoob 0208 971 9520t.yakoob@blackstonesolicitors.com  Fraz Hussain 02080719520f.hussain@blackstonesolicitors.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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