Halifax Bank, 427 High Road Wembley London HA9 7AB

Halifax Bank, 427 High Road
Wembley
London
HA9 7AB

  • Halifax Bank, 427 High Road<br>Wembley<br>London<br>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)
  • 800m from Wembley Stadium
  • Neighbouring Occupiers Include McDonalds, Boots, Greggs, Superdrug, Wilko
  • Lot
    23
  • Auction
    17/Feb/2022
  • Rent
    £102,000 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price*
     
  • Sector
    Bank
  • Auction Venue
    Live Streamed Auction
  • 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 Railway 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 an eclectic mix of local and national retailers.

Tenure

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

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 Railway 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 an eclectic mix of 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.

Note

The Special Conditions of Sale provide for the Buyer to pay to the Seller a sum in addition to the purchase price. Please see the Special Conditions of Sale which is available in the Seller’s solicitors Legal Pack.

Completion Period

8 Week Completion

EPC

Band D.

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.

Note

The Special Conditions of Sale provide for the Buyer to pay to the Seller a sum in addition to the purchase price. Please see the Special Conditions of Sale which is available in the Seller’s solicitors Legal Pack.

Completion Period

8 Week Completion

EPC

Band D.

Tenancy & Accommodation

Floor Use Floor Areas
(Approx)
Tenant Term Rent p.a.x Review/
(Reversion)
Ground
Lower Ground
Banking Hal / Ancillaryl
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)
A term of years from
18/10/2019 until
2027
£102,000 20/09/2022
(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 £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Brochure
    Updated Date
    28.01.22
    File Size
    3 MB
    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
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

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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