Freehold Bank and Retail Investment
Freehold Bank and Retail Investment
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.
Freehold.
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.
Freehold.
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 is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
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 is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Unit | Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review | |
|---|---|---|---|---|---|---|---|---|
| Unit 29 Unit 29A |
Ground First Ground First |
Banking Hall Ancillary Retail Ancillary |
122.26 sq m 113.16 sq m 67.77 sq m 54.97 sq m |
(1,316 sq ft) (1,218 sq ft) (729 sq ft) (592 sq ft) |
BANK OF SCOTLAND PLC (t/a Halifax) (1) (2) | 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.
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