Freehold Bank Investment
Freehold Bank Investment
The property is situated in Redcar town centre, on the southern side of the pedestrianised High Street, approximately 100 metres from Regents Walk, Redcar’s newest shopping development housing retailers such as Greggs, New Look, Argos and Phones 4U. Other nearby occupiers include NatWest, Coral Betting, Halifax and Iceland.
Freehold.
The property is situated in Redcar town centre, on the southern side of the pedestrianised High Street, approximately 100 metres from Regents Walk, Redcar’s newest shopping development housing retailers such as Greggs, New Look, Argos and Phones 4U. Other nearby occupiers include NatWest, Coral Betting, Halifax and Iceland.
Freehold.
The property comprises a banking hall and office/ancillary accommodation on the ground floor and a self-contained maisonette on first and second floors, accessed from the rear.
VAT is not applicable to this lot.
There will be block viewings for this property.
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Gwen Thomas. Tel: +44 (0)20 7034 4857.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a banking hall and office/ancillary accommodation on the ground floor and a self-contained maisonette on first and second floors, accessed from the rear.
VAT is not applicable to this lot.
There will be block viewings for this property.
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Gwen Thomas. Tel: +44 (0)20 7034 4857.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review | |
|---|---|---|---|---|---|---|---|
| Ground Ground First/Second |
Banking Hall Office/Ancillary Residential |
122.35 sq m 14.59 sq m 213.68 sq m |
(1,317 sq ft) (157 sq ft) (2,300 sq ft) |
NATIONWIDE BUILDING SOCIETY (1) | 10 years from November 2013 until November 2023 on a full repairing and insuring lease (2) | £20,750 | November 2018 |
| Totals | 350.62 sq m |
(3,774 sq ft) |
£20,750 | ||||
(1) For the year ending 4th April 2013, Nationwide Building Society reported pre-tax profits of £210,000,000 and a total net worth of £131,260,000,000. (Source: www.riskdisk.com 07/11/2013)
(2) The lease provides an option to determine on the fifth anniversary of the term.
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