Adjacent to The Clock Tower and opposite Highcross and Haymarket Shopping Centres
Nearby occupiers include Primark, Lush, Pret a Manger, McDonalds, Waterstones, Metrobank, Nationwide, Barclays and Sports Direct
Auction 26th March 2026
Rent £200,000 per Annum Exclusive
Status Available
Guide* Contact Us
Sector Prime Freehold Bank Investment with Recently Extended Lease
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 the most prime 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 Primark, Lush, Pret a Manger, McDonalds, Waterstones, Metrobank, 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 the most prime 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 Primark, Lush, Pret a Manger, McDonalds, Waterstones, Metrobank, Nationwide, Barclays and Sports Direct with a number of other national retailers and restaurants being represented nearby.
Tenure
Freehold.
Description
The property comprises a highly attractive and substantial Bank building currently arranged to provide a ground floor banking hall with further banking facilities and meeting rooms on the first, second and third floors and ancillary accommodation at the basement level. The property benefits from an internal passenger lift servicing all floors.
This branch has recently undergone a substantial refurbishment by the tenant.
VAT
VAT is applicable to this lot.
Completion Period
9 week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a highly attractive and substantial Bank building currently arranged to provide a ground floor banking hall with further banking facilities and meeting rooms on the first, second and third floors and ancillary accommodation at the basement level. The property benefits from an internal passenger lift servicing all floors.
This branch has recently undergone a substantial refurbishment by the tenant.
VAT
VAT is applicable to this lot.
Completion Period
9 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)
A term of years until 06/07/2031 (2)
£200,000
Total
1,097.30
(11,807) (2)
£200,000
(1) For the year ending 31/12/2023 HSBC UK Bank PLC reported a Turnover £14,469,000,000 Pre-Tax Profit of £6,679,000,000 and a Net Worth of £21,647,000,000 (NorthRow 28/05/2025). (2) The property is currently let on a lease until 18/08/2026 although this lease has recently been extended for a term of 5 years to expire on 16/07/2031 at the same rent. The lease provides for a 12 month half-rent period from June 2025, the Seller will 'top-up' the rent from completion of the sale until the end of the half rent period. The property will effectively produce £200,000 from completion of the sale. (3) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
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.
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