Freehold Bank Investment
Freehold Bank Investment
The property is situated on the east side of Front Street, at the centre of a 1960’s parade of retail properties on Arnold’s main retailing thoroughfare. The Asda supermarket lies almost opposite the property and other nearby occupiers include Specsavers, Halfords, HSBC and Oxfam.
Freehold.
The property is situated on the east side of Front Street, at the centre of a 1960’s parade of retail properties on Arnold’s main retailing thoroughfare. The Asda supermarket lies almost opposite the property and other nearby occupiers include Specsavers, Halfords, HSBC and Oxfam.
Freehold.
The property comprises a ground floor banking hall and offices with ancillary and office accommodation to the first floor, part of which has been let as a self-contained office on a 999 year lease. The property benefits from loading and car parking to the rear.
VAT is 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.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a ground floor banking hall and offices with ancillary and office accommodation to the first floor, part of which has been let as a self-contained office on a 999 year lease. The property benefits from loading and car parking to the rear.
VAT is 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.
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 First |
Bank Office and Ancillary |
240.34 sq m 154.69 sq m |
(2,587 sq ft) (1,665 sq ft) |
NATWEST BANK PLC (1) | 15 years from 04/02/2008 until 03/02/2023 | £59,000 | 04/02/2018 |
| First |
Self-Contained Office |
Not Measured |
999 year lease | ||||
| Totals | 395.03 sq m |
(4,252 sq ft) |
£59,000 | ||||
(1) NatWest Bank plc is the largest retail and commercial bank in the United Kingdom and has been part of The Royal Bank of Scotland Group (RBS) since 2000. (RBS) is ranked among the top 10 largest banks in the world by assets and NatWest has a network of 1,600 branches and 3,400 cash machines across Great Britain. It has more than 7.5 million personal customers and 850,000 small business accounts. (Source: www.natwest.com 17/01/2014) For the year ending 31/12/12, NatWest Bank plc reported a total net worth of £19,701,000,000. (Source: www.riskdisk.com 17/01/2014)
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