Freehold Bank Investment
Freehold Bank Investment
The property is situated in a busy town centre location within 50 metres of the junction with the High Street and Doncaster Gate. There is a bus stop immediately outside the property.
Freehold.
The property is situated in a busy town centre location within 50 metres of the junction with the High Street and Doncaster Gate. There is a bus stop immediately outside the property.
Freehold.
The property is arranged on ground and two upper floors to provide a substantial ground floor banking hall with offices and storage above.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property is arranged on ground and two upper floors to provide a substantial ground floor banking hall with offices and storage above.
VAT is not applicable to this lot.
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/(Reversion) | |
|---|---|---|---|---|---|---|---|
| Ground First Second |
Banking Hall Ancillary Ancillary |
297.80 sq m 107.50 sq m 96.60 sq m |
(3,205 sq ft) (1,157 sq ft) (1,040 sq ft) |
LLOYDS BANK PLC (2) | 15 years from 29/09/1996 until 28/09/2011 | £48,000 (1) | Holding Over |
| Totals | 501.90 sq m |
(5,402 sq ft) |
£48,000 | ||||
(1) The freeholder and the tenant agreed heads of terms for a new 5 year lease in April 2012 at a proposed rent of £32,000 per annum (subject to contract). The heads of terms are also subject to a signed statutory declaration being submitted to the Land Registry by the seller’s solicitor once received signed by the lessee. The statutory declaration concerns an unregistered piece of land, which lies within
the building. Please see the special conditions for further information.
(2)For the year ending 31st December 2012, Lloyds Bank plc reported total fixed assets of £632,694,000,000 and a total net worth of £43,593,000,000. (Source: www.riskdisk.com 06/11/2013).
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