Lloyds Bank
School Road
Sale
Cheshire
M33 7XE

Freehold Bank Investment

  • Let to Lloyds Bank Plc
  • 2018 break option NOT exercised
  • Town centre location directly opposite The Square Shopping Centre
  • Neighbouring occupiers include Boots, Holland & Barrett, Vodafone, Santander, Caffè Nero, Greggs, Aldi and Costa
  • Lot
    21
  • Auction
    14/Feb/2019
  • Rent
    £60,000 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price*
     
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • Lloyds Bank<br>School Road<br>Sale<br>Cheshire<br>M33 7XE
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* More information on the term "price" can be found here

Property Information

Location
Miles
5 miles south-west of Manchester
Roads
A56, M60 (Junction 7), M6, M56, M62
Rail
Sale Metrolink Station
Air
Manchester Airport
Situation

Sale is a prosperous Manchester commuter town situated 5 miles south-west of Manchester city centre, supported by the M60 Motorway and Manchester Metrolink. The property is situated in the heart of the town centre, directly opposite The Square Shopping Centre, in a prominent corner position at the junction of School Road and Claremont Road. Neighbouring occupiers include Boots, Holland & Barrett, Vodafone, Santander, Caffè Nero, Greggs, Aldi and Costa.

Tenure

Freehold.

Description

The property comprises a substantial double fronted corner retail unit comprising a banking hall and first, second and basement ancillary accommodation. The property benefits from car parking at the rear and from side access from Claremont Road.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
Ground
First
Second
Basement
Banking Hall
Ancillary
Ancillary
Ancillary
239.82 sq m
171.11 sq m
132.40 sq m
136.10 sq m
(2,581 sq ft)
(1,842 sq ft)
(1,425 sq ft)
(1,465 sq ft)
LLOYDS BANK
PLC (1)
10 years from
29/09/2013 on a full
repairing and
insuring lease
£60,00028/09/2023
Totals
679.43 sq m
(7,313 sq ft)
  £60,000 

(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 12/12/2018).

Property Documents

  • Site Plan
    Updated Date
    08.04.19
    File Size
    3 MB
    View PDF
  • Catalogue Page
    Updated Date
    08.04.19
    File Size
    751 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.01.19
    File Size
    143 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 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
BBS Law The Edge, Clowes Street
Salford
M3 5NA
Daniel Berger 0161 832 2500daniel@bbslaw.co.uk

Useful Links

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