Freehold Bank Investment
Freehold Bank Investment
St Budeaux is a largely residential area located 3 miles north-west of Plymouth City Centre. The property is located on the busy Wolsey Road, opposite the St Budeaux Victoria Road Railway
Station. Neighbouring occupiers include NatWest Bank, Pizza Hut, KFC, Domino’s, Co-Op, Coral and Lidl.
Freehold.
St Budeaux is a largely residential area located 3 miles north-west of Plymouth City Centre. The property is located on the busy Wolsey Road, opposite the St Budeaux Victoria Road Railway
Station. Neighbouring occupiers include NatWest Bank, Pizza Hut, KFC, Domino’s, Co-Op, Coral and Lidl.
Freehold.
The property comprises banking hall and ancillary accommodation on the ground floor with ancillary accommodation on the first floor.
The lease provides for the tenant to reinstate the first floor to two x 1 bedroom flats on reversion.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises banking hall and ancillary accommodation on the ground floor with ancillary accommodation on the first floor.
The lease provides for the tenant to reinstate the first floor to two x 1 bedroom flats on reversion.
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 | |
|---|---|---|---|---|---|---|---|
| Ground First |
Banking Ancillary |
145.80 sq m 89.00 sq m |
(1,569 sq ft) (958 sq ft) |
LLOYDS BANK PLC (1) |
10 years from 25/12/2013 until 2023 (2) |
£27,800 |
25/12/2018 |
| Totals | 234.80 sq m |
(2,527 sq ft) |
£27,800 | ||||
(1) For the year ending 31/12/2013, Lloyds Bank plc reported pre-tax profits of £894,000,000 and a total net worth of £34,109,000,000. (Source: www.riskdisk.com 24/04/2014)
(2)The lease provides for a tenant option to determine on 25th December 2018.
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