Freehold Bank Investment
Freehold Bank Investment
The property is situated on the southern side of Market Hill, within Sudbury town centre. Nearby occupiers include HSBC, Pizza Express, NatWest, Dorothy Perkins and Specsavers.
Freehold.
The property is situated on the southern side of Market Hill, within Sudbury town centre. Nearby occupiers include HSBC, Pizza Express, NatWest, Dorothy Perkins and Specsavers.
Freehold.
The property comprises a ground floor banking hall with basement storage accommodation and offices 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 basement storage accommodation and offices 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 | Review | |
|---|---|---|---|---|---|---|---|
| Ground Basement First Second |
Banking Hall Storage Office Office |
287.25 sq m 86.40 sq m 178.74 sq m 107.64 sq m |
(3,092 sq ft) (930 sq ft) (1,924 sq ft) (1,010 sq ft) |
BARCLAYS BANK PLC (1) |
25 years from 28/12/1989 on a full repairing and insuring lease |
£71,000 | 27/12/2014 (2) |
| Totals | 660.03 sq m |
(6,956 sq ft) |
£71,000 | ||||
(1) For the year ending 31st December 2012, Barclays Bank plc reported pre-tax profits of £99,000,000 and a total net worth of £52,063,000,000. (Source: www.riskdisk.com 17/04/2014).
(2)Barclays Bank plc have previously indicated that they wish to renew their lease at the end of the term and carried out a refurbishment programme (including structural works) in 2010.
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