Freehold Bank Investment
Freehold Bank Investment
The property is situated on the south side of Lumley Road, the town’s prime retail thoroughfare, some 75 metres from the entrance to the Hildreds Shopping Centre. Neighbouring occupiers include Boots, Specsavers, New Look and HSBC Bank.
Freehold.
The property is situated on the south side of Lumley Road, the town’s prime retail thoroughfare, some 75 metres from the entrance to the Hildreds Shopping Centre. Neighbouring occupiers include Boots, Specsavers, New Look and HSBC Bank.
Freehold.
The property comprises a ground floor banking hall with ancillary accommodation on the first and second floors.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a ground floor banking hall with ancillary accommodation on the first and second floors.
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 | Reviews | |
|---|---|---|---|---|---|---|---|
| Ground First Second |
Retail Ancillary Ancillary |
135.82 sq m 57.69 sq m Not Measured |
(1,462 sq ft) (621 sq ft) Not Measured |
BANK OF SCOTLAND PLC (t/a Halifax) (1) | 15 years from 05/07/2012 until 2027 on a full repairing and insuring lease (2) | £45,000 | 05/07/2017 & 2022 |
| Totals | 193.51 sq m |
(2,083 sq ft) |
£45,000 | ||||
(1) Halifax is a division of the Bank of Scotland plc, which is part of the Lloyds Banking Group. Lloyds Banking Group service some 30 million customers and is the UK’s leading provider of Current Accounts, Savings and Personal Loans, Credit Cards and Mortgages (Source: www.lloydsbankinggroup.com 22/04/2014).
(2)The lease provides for a tenant option to determine the lease at the end of the 10th year.
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