Entirely let to Bank of Scotland plc (t/a Halifax) until 2023
Prominent pedestrianised town centre location
Neighbouring occupiers include Morrisons, NatWest, Iceland, New Look and Superdrug
Six Week Completion
Lot 4
Auction 11th July 2013
Rent £50,000 per Annum Exclusive
Status Sold
Price £590,000
Sector Bank
Auction Venue Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
9 miles south-east of Stafford, 8 miles north-west of Lichfield, 25 miles north of Birmingham
Roads
A51, A460
Rail
Rugeley Trent Valley Railway Station (approximately 1 hour to Birmingham New Street), Rugeley Town Railway Station
Air
Birmingham International Airport
Situation
The property is prominently situated on the east side of Market Square at its junction with a number of prime retail thoroughfares. Neighbouring occupiers include Morrisons, NatWest, Iceland, New Look and Superdrug.
Tenure
Freehold.
Location
Miles
9 miles south-east of Stafford, 8 miles north-west of Lichfield, 25 miles north of Birmingham
Roads
A51, A460
Rail
Rugeley Trent Valley Railway Station (approximately 1 hour to Birmingham New Street), Rugeley Town Railway Station
Air
Birmingham International Airport
Situation
The property is prominently situated on the east side of Market Square at its junction with a number of prime retail thoroughfares. Neighbouring occupiers include Morrisons, NatWest, Iceland, New Look and Superdrug.
Tenure
Freehold.
Description
The property comprises two self contained units, Unit 29 provides banking hall accommodation on the ground floor and ancillary accommodation on the first floor. Unit 29A provides retail accommodation on the ground floor and ancillary accommodation on the first floor. The property benefits from parking to the rear.
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 two self contained units, Unit 29 provides banking hall accommodation on the ground floor and ancillary accommodation on the first floor. Unit 29A provides retail accommodation on the ground floor and ancillary accommodation on the first floor. The property benefits from parking to the rear.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
15 years from 08/12/2008 until 2023 on a full repairing and insuring lease
£50,000
08/12/2018
Totals
358.16 sq m
(3,855 sq ft)
£50,000
(1) Bank of Scotland plc are part of Lloyds Banking Group which was renamed from Lloyds TSB Group plc following their acquisition of HBOS plc in 2009. Lloyds Banking Group serves some 30 million people. For the year ending 31st December 2012, Bank of Scotland plc reported pre-tax profits of negative £1,239,000,000 and a net worth of £17,637,000,000. (Source: riskdisk 11/06/2013) (2)The tenant has sublet Unit 29A to the Salvation Army.
