HSBC Bank, 32-34 High Street
Walton-on-Thames
Surrey
KT12 1DD

Freehold Bank Investment in Affluent London Suburb

  • Entirely let to HSBC Bank plc until 2021
  • Prime retail position on the High Street
  • Approximately 20 metres from the entrance to The Heart Shopping Centre which houses New Look, Waterstones, Next, River Island etc
  • Option to renew for a further 15 years at the end of the term.
  • Other occupiers on the High Street include Clinton Cards, Boots the Chemist, W H Smith and Ladbrokes
  • Six Week Completion Period Available
  • Lot
    20
  • Auction
    08/Dec/2011
  • Rent
    £106,800 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price*
     
  • Sector
    Bank
  • Auction Venue
    Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
Important Update
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
8 miles south-west of Kingston-upon-Thames, 14 miles north-east of Guildford, 20 miles south-east of Central London
Roads
A244, A317, M3 (Junction 1), M25 (Junction 11)
Rail
Walton-on-Thames Railway Station , (direct to London Waterloo in 25 minutes)
Air
Heathrow International Airport
Situation

The property is situated on the west side of High Street, the town's principal retail thoroughfare, and benefits from its proximity to The Heart Shopping Centre and from nearby occupiers including Clinton Cards, Boots the Chemist, W H Smith and Ladbrokes.

Tenure

Freehold.

Description

The property comprises a ground floor banking hall with staff and storage accommodation on part first, second and third floors. The property also benefits from a self-contained flat on part first floor which is accessed from the rear. There are 4 car parking spaces to the rear of the property.

VAT

VAT is not applicable to this lot.

Viewings

There will only be one viewing date. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Gwen Thomas at Acuitus.

EPC

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

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews
Ground
Part First
Second
Third (attic)
Banking Hall
Staff / Storage
Staff/ Storage
Storage
276.90 sq m
32.00 sq m
141.50 sq m
46.50 sq m
(2,833 sq ft)
(344 sq ft)
(1,523 sq ft)
(501 sq ft)
HSBC BANK PLC
(1)
15 years from 17/10/2006 until
16/10/2021 on effectively a full
repairing and insuring lease (2) (3)
£106,80017/10/11 and
17/10/2016
Part FirstResidential
Not Measured
(Not Measured)
HSBC BANK PLC150 years from 17/10/2006 until 2156Peppercorn2014
Totals 

496.90 sq m

(5,201 sq ft)
  £106,800 

(1) For the year ending 31st December 2010, HSBC Bank plc reported pre-tax profits of £4,011,000,000 and a total net worth of £21,214,000,000. (Source: www.riskdisk.com 10/11/2011)
(2) The lease is subject to a schedule of condition.
(3) The lease contains a tenant's option to renew at the end of the term for a further term of 15 years.

Property Documents

  • Site Plan
    Updated Date
    23.09.15
    File Size
    136 KB
    View PDF
  • Catalogue Page
    Updated Date
    23.09.15
    File Size
    329 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
Wallace LLP 1 Portland Place
London
W1B 1PN
+44 (0)20 7636 3736
Jackie Boot +44 (0)20 7467 8722jackie.boot@wallace.co.uk

Useful Links

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