Prime pedestrianised town centre location opposite The Belfry Shopping Centre
Let to National Westminster Bank plc on a new lease until 2022
Nearby occupiers include Nationwide Building Society, Greggs, Costa Coffee and Betfred
Six Week Completion Period Available
Lot 23
Auction 23rd February 2012
Rent
Status Withdrawn Prior
Price
Sector Bank
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
8 miles of Crawley, 19 miles south of Central London
Roads
M25, M23, A23, A25
Rail
Redhill Rail
Air
London Gatwick Airport
Situation
The property is situated in a busy pedestrianised location on the northern side of Station Road within the town’s principal retail area. The property sits opposite an entrance to The Belfry, Redhill’s main shopping centre, which houses retailers such as Marks & Spencer, Boots the Chemist, W H Smith and Waterstones.
Tenure
Freehold.
Location
Miles
8 miles of Crawley, 19 miles south of Central London
Roads
M25, M23, A23, A25
Rail
Redhill Rail
Air
London Gatwick Airport
Situation
The property is situated in a busy pedestrianised location on the northern side of Station Road within the town’s principal retail area. The property sits opposite an entrance to The Belfry, Redhill’s main shopping centre, which houses retailers such as Marks & Spencer, Boots the Chemist, W H Smith and Waterstones.
Tenure
Freehold.
Description
The property comprises banking hall on the ground floor and storage accommodation on the lower ground floor and office accommodation on the first and second floors.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises banking hall on the ground floor and storage accommodation on the lower ground floor and office accommodation on the first and second floors.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Lower Ground Ground First (Rear)
Strong Room/Ancillary Banking Hall Office
98.57 sq m 299.00 sq m 87.37 sq m
(1,061 sq ft) (3,218 sq ft) (940 sq ft)
NATIONAL WESTMINSTER BANK PLC (1)
10 years from March 2012
£77,250
2017
First (Front) Second
Office Office
48.58 sq m 162.06 sq m
(523 sq ft) (1,744 sq ft)
D S REDHILL LTD
999 years from completion
Peppercorn
Totals
695.58 sq m
(7,486 sq ft)
£77,250
(1) National Westminster Bank plc are wholly owned by the Royal Bank of Scotland Group plc, which in turn is 82% owned by HM Government. For the year ending 31st December 2010 National Westminster Bank plc reported pre-tax profits of negative £2,381,000,000. and a net worth of £14,371,000,000. (Riskdisk 30th January 2012)