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

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

Prime Freehold Bank Investment with Recently Extended Lease

Recently extended 5 year lease until July 2031 (no breaks)
Extensive Bank let to HSBC UK Bank PLC
Approximately 1,097.10 sq. m. (11,807 sq. ft.)
Substantial tenant refurbishment recently completed
Prime city centre location
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

Lot
8
Auction
26th March 2026
Rent
£200,000 per Annum Exclusive
Status
Sold
Price
£2,360,000
Auction Venue
Live Streamed Auction

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Prime Freehold Bank Investment with Recently Extended Lease

Recently extended 5 year lease until July 2031 (no breaks)
Extensive Bank let to HSBC UK Bank PLC
Approximately 1,097.10 sq. m. (11,807 sq. ft.)
Substantial tenant refurbishment recently completed
Prime city centre location
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

Lot 8
Auction 26th March 2026
Rent £200,000 per Annum Exclusive
Status Sold
Price £2,360,000
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

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 available

EPC

Band B.

Description

VAT

VAT is applicable to this lot.

Completion Period

9 week completion available

EPC

Band B.

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		1,097.10	(11,807) (3)			£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 a rent of £200,000 p.a.x. The lease provides for a 12 month half-rent period from 24th 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 p.a.x. 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.