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.