Halifax Bank, 427 High Road
Wembley
London
HA9 7AB

London Bank Investment

  • Let to Bank of Scotland PLC until 2027 (No Breaks)
  • Substantial Double fronted and prominent unit
  • Approximately 439.19 sq m (4,546 sq ft)
  • Neighbouring Occupiers Include McDonalds, Boots, Greggs, Superdrug, Wilko
  • Lot
    11
  • Auction
    13/Dec/2021
  • Rent
    £102,000 per Annum Exclusive
  • Status
    Available
  • Price*
    £1,500,000 - £1,600,000
  • Sector
    Bank
  • Auction Venue
    Live Streamed Auction
Important Update
  • Halifax Bank, 427 High Road, Wembley, London, HA9 7AB
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
7 miles north west of Central London
0.5 miles west of Wembley Stadium
Roads
A406 (North Circular Road), A40,
A404, M1, A1
Rail
Wembley Central
(Bakerloo Line, Overground),
Wembley Stadium Train Station,
Air
London Heathrow Airport, London Luton Airport, London Gatwick Airport
Situation

Wembley is a popular North-West London suburb, renowned worldwide for being home to Wembley Stadium, England's national football stadium. The property is prominently situated on the southern side of High Road (A404), close to Wembley Central Station and Wembley Central Shopping Centre and approximately 0.5 miles east of the property. Nearby occupiers include McDonalds, Boots, Greggs, Superdrug, Wilko and many more local and national retailers.

Tenure

Virtual Freehold. Held for a term of 999 years from 08/11/2021 at a fixed peppercorn rent.

Description

The property comprises ground bank hall accommodation and lower ground floor ancillary accommodation. The property benefits from a significant retail frontage and forms part of a larger building.

VAT

VAT is applicable to this lot.

Completion Period

6 Week Completion

EPC

Band D.

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReview/
(Reversion)
Ground
Lower Ground
Banking Hall
/ Ancillary
Ancillary
235.20 sq m
203.99 sq m
(2,351 sq ft)
(2,195 sq ft)
BANK OF
SCOTLAND PLC
t/a Halifax (1)
9 Years from
18/10/2019 until
2027
£102,00020/09/2022
(19/10/2027)
Total
439.19 sq m
(4,546 sq ft) (2)
  £102,000 

(1) For the year ending 31/12/2020 Bank of Scotland PLC had a reported Turnover of £7,773,000,000, a Pre-Tax Profit of £883,000,000 and a Net Worth of £12,831,000,000. (NorthRow 11/11/2021)
(2) The floor areas stated above are those published by the Valuation Office Agency. (voa.gov.uk)

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    23.11.21
    File Size
    91 MB
    Login to View
  • Catalogue Page
    Updated Date
    23.11.21
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    23.11.21
    File Size
    901 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 060519john.mehtab@acuitus.co.uk
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859 +44 (0)7713 135 034alexander.auterac@acuitus.co.uk
Seller's Solicitors
Gunnercooke LLP 1 Cornhill
London
EC3V 3ND
Sam Rosenthal 07941613379sam.rosenthal@gunnercooke.com

Useful Links

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