17-19 The Homend Ledbury Herefordshire HR8 1BN

17-19 The Homend
Ledbury
Herefordshire
HR8 1BN

Freehold Bank and Residential Ground Rent Investment

Majority let to TSB Bank Plc on a renewed 5-year lease from January 2023 (subject to option) at a re-based rent
Includes two self-contained flats on upper floors let on long leases
Large garden to rear offered vacant
VAT free investment
Grade II Listed
Nearby occupiers include Boots the Chemist, Greggs, Specsavers and One Stop Convenience Store

Lot
1
Auction
13th December 2023
Rent
£22,660 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
Live Streamed Auction

Interested?

Expand
Photos
Map

Freehold Bank and Residential Ground Rent Investment

Majority let to TSB Bank Plc on a renewed 5-year lease from January 2023 (subject to option) at a re-based rent
Includes two self-contained flats on upper floors let on long leases
Large garden to rear offered vacant
VAT free investment
Grade II Listed
Nearby occupiers include Boots the Chemist, Greggs, Specsavers and One Stop Convenience Store

Lot 1
Auction 13th December 2023
Rent £22,660 per Annum Exclusive
Status Sold Post
Price
Sector
Bank
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 18 miles south-west Worcester, 18 miles north-west of Gloucester, 50 miles north of Bristol
Roads: A348, A449, A417
Rail: Ledbury Train Station
Air: Bristol Airport

Situation

The property is situated in the heart of the town centre, on east side of The Homend. Nearby occupiers include Boots the Chemist, Greggs, Specsavers and One Stop Convenience Store.

Tenure

Freehold.

Location

Miles: 18 miles south-west Worcester, 18 miles north-west of Gloucester, 50 miles north of Bristol
Roads: A348, A449, A417
Rail: Ledbury Train Station
Air: Bristol Airport

Situation

The property is situated in the heart of the town centre, on east side of The Homend. Nearby occupiers include Boots the Chemist, Greggs, Specsavers and One Stop Convenience Store.

Tenure

Freehold.

Description

The property comprises a bank arranged on the ground, basement, part first and part second floors, with two self-contained flats arranged on the part first and part second floors, let on long leases. The property benefits from a large garden to the rear which is not part of the commercial or residential tenants leases.

VAT

VAT is not applicable to this lot.

Note

Notices pursuant to Section 5b of the Landlord and Tenant Act 1987 have been served to the residential lessees. No acceptance notices have been received from the tenants within the permitted period and therefore the tenants are not able to exercise the right of preemption on this sale.

Completion Period

Six Week Completion

EPC

Band E

Description

VAT

VAT is not applicable to this lot.

Note

Completion Period

Six Week Completion

EPC

Band E

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m (1)	Floor Areas Approx sq ft (1)	Tenant	Term	Rent p.a.x.	Rent Review
Ground Basement Part First Part Second	Banking Hall Ancillary Offices/Ancillary Offices/Ancillary	101.30 28.50 28.90 30.10	(1,090) (306) (311) (324)	TSB BANK PLC (2)	5 years from 25/01/2023 (3)	£22,660	25/01/2026
Part First	Residential Flat	-	-	AN INDIVIDUAL	125 years from 31/01/2008	Peppercorn	-
Part Second	Residential Flat	-	-	AN INDIVIDUAL	125 years from 31/01/2008	Peppercorn	-
Total Commercial Area		188.80	(2,031)			£22,660

(1) Areas provided by VOA (www.gov.uk/find-business-rates)
(2) For the year ending 31st December 2022, TSB Bank Plc reported a turnover of £1,376,800,000, a pre-tax profit of £181,100,000 and a net worth of £1,854,200,000 (www.northrow.com)
(3) The lease is subject to a tenant only option to determine on 25/01/2026.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.