HSBC 2-6 Gallowtree Gate and 1 and 3 Humberstone Gate Leicester Leicestershire LE1 1DA

  • HSBC<br>2-6 Gallowtree Gate and 1 and 3 Humberstone Gate<br>Leicester<br>Leicestershire<br>LE1 1DA

HSBC
2-6 Gallowtree Gate and 1 and 3 Humberstone Gate
Leicester
Leicestershire
LE1 1DA

Freehold Bank Investment

  • Extensive Bank let to HSBC UK Bank PLC
  • Approximately 1,097.30 sq. m. (11,807 sq. ft.)
  • Rent Substantially Rebased in 2021
  • July 2024 break option not exercised
  • Prime city centre location
  • Adjacent to The Clock Tower and opposite Highcross and Haymarket Shopping Centres
  • Nearby occupiers include Marks & Spencer, Pret a Manger, Waterstones, Nationwide, Barclays and Sports Direct
  • Lot
    8
  • Auction
    27th March 2024
  • Rent
    £200,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £2,070,000
  • Sector
    Bank
  • Auction Venue
    Live Streamed Auction
  • Expand
  • Photos
  • Map

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

Freehold Bank Investment

  • Extensive Bank let to HSBC UK Bank PLC
  • Approximately 1,097.30 sq. m. (11,807 sq. ft.)
  • Rent Substantially Rebased in 2021
  • July 2024 break option not exercised
  • Prime city centre location
  • Adjacent to The Clock Tower and opposite Highcross and Haymarket Shopping Centres
  • Nearby occupiers include Marks & Spencer, Pret a Manger, Waterstones, Nationwide, Barclays and Sports Direct
  • Lot 8
  • Auction 27th March 2024
  • Rent £200,000 per Annum Exclusive
  • Status Sold
  • Price £2,070,000
  • Sector
    Bank
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
21 miles south of Nottingham, 31 miles north-east of Birmingham
Roads
A6, A47, A563, M1 (Junction 21)
Rail
Leicester Railway Station
Air
East Midlands Airport
Situation

The property is located in the heart of Leicester City Centre, occupying a prominent pedestrianised corner position at the junction of Gallowtree Gate and Humberstone Gate, overlooking The Clock Tower. The Highcross Shopping Centre and Haymarket Shopping Centre are located directly opposite the property with other neighbouring occupiers including Marks & Spencer, Pret a Manger, Waterstones, Nationwide, Barclays and Sports Direct with a number of other national retailers and restaurants being represented nearby.

Tenure

Freehold.

Location
Miles
21 miles south of Nottingham, 31 miles north-east of Birmingham
Roads
A6, A47, A563, M1 (Junction 21)
Rail
Leicester Railway Station
Air
East Midlands Airport
Situation

The property is located in the heart of Leicester City Centre, occupying a prominent pedestrianised corner position at the junction of Gallowtree Gate and Humberstone Gate, overlooking The Clock Tower. The Highcross Shopping Centre and Haymarket Shopping Centre are located directly opposite the property with other neighbouring occupiers including Marks & Spencer, Pret a Manger, Waterstones, Nationwide, Barclays and Sports Direct with a number of other national retailers and restaurants being represented nearby.

Tenure

Freehold.

Description

The property comprises a substantial Bank building currently arranged to provide a ground floor banking hall with basement, first, second and third floor ancillary and office accommodation.

This branch has recently undergone a substantial refurbishment by the tenant.

VAT

VAT is applicable to this lot.

Completion Period

Five week completion

EPC

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

Description

The property comprises a substantial Bank building currently arranged to provide a ground floor banking hall with basement, first, second and third floor ancillary and office accommodation.

This branch has recently undergone a substantial refurbishment by the tenant.

VAT

VAT is applicable to this lot.

Completion Period

Five week completion

EPC

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

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m
Floor Areas
Approx sq ft
Tenant Term Rent p.a.x.
Ground
Basement
First
Second
Third
Banking Hall
Ancillary
Office
Office
Office
278.30
24.30
259.50
259.50
275.50
(2,995)
(261)
(2,793)
(2,793)
(2,965)
HSBC UK BANK PLC
(1)
5 years from 07/07/2021
(3)
£200,000
(4)
Total  
1,097.30
(11,807)
(2)
   
£200,000

(1) For the year ending 31/12/2022 HSBC UK Bank PLC reported a Turnover £9,589,000,000 Pre-Tax Profit of £3,638,000,000 and a Net Worth of £17,908,000,000 (NorthRow 29/02/2024).
(2) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
(3) The tenant has not exercised their July 2024 break option.
(4) Prior to the lease renewal with HSBC in July 2021, the passing rent was £480,000 pa.

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

  • Solicitors Legal Pack
    Updated Date
    20.03.24
    File Size
    58 MB
    Login to View
  • Brochure
    Updated Date
    02.04.24
    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
Charlie PowterCharlie Powter +44 (0)20 7034 4853 +44 (0)7768 120 904charlie.powter@acuitus.co.uk
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859 +44 (0)7713 135 034alexander.auterac@acuitus.co.uk
Seller's Solicitors
BCLP Law Governor's House
5 Laurence Poutney Hill
London
EC4R 0BR
020 7760 1111
Simon Kenley +44(0)20 7760 4119simon.kenley@bclplaw.com  Laura Havard +44(0)20 3400 3678Laura.Havard@bclplaw.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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