Lloyds Bank 25 High Street Shipston-on-Stour Warwickshire CV36 4AJ

Lloyds Bank
25 High Street
Shipston-on-Stour
Warwickshire
CV36 4AJ

Freehold Bank Investment

Entirely let to Lloyds Bank plc on a renewed 10 year lease until 2022 (subject to option)
Affluent Market Town
Includes a self-contained three bedroom residential flat
Neighbouring occupiers include HSBC, Co-Operative, Boots Chemist and the Post Office
Six Week Completion

Lot
2
Auction
9th July 2014
Rent
£19,800 per Annum Exclusive
Status
Sold
Price
£280,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Bank Investment

Entirely let to Lloyds Bank plc on a renewed 10 year lease until 2022 (subject to option)
Affluent Market Town
Includes a self-contained three bedroom residential flat
Neighbouring occupiers include HSBC, Co-Operative, Boots Chemist and the Post Office
Six Week Completion

Lot 2
Auction 9th July 2014
Rent £19,800 per Annum Exclusive
Status Sold
Price £280,000
Sector
Bank
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 26 miles north-west of Oxford; 11 miles south of Stratford Upon Avon; 16 miles south of Royal Leamington Spa
Roads: A429, A44, A3400, M40 (Junction 11)
Rail: Moreton-on-Marsh Railway Station, Banbury Railway Station
Air: Birmingham Airport

Situation

Shipston-on-Stour is an attractive and affluent Warwickshire market town. The property is situated in a highly prominent position at the junction between Market Place and the High Street. Neighbouring occupiers include HSBC, The Co-Operative, Boots Chemist and the Post Office.

Tenure

Freehold.

Location

Miles: 26 miles north-west of Oxford; 11 miles south of Stratford Upon Avon; 16 miles south of Royal Leamington Spa
Roads: A429, A44, A3400, M40 (Junction 11)
Rail: Moreton-on-Marsh Railway Station, Banbury Railway Station
Air: Birmingham Airport

Situation

Tenure

Freehold.

Description

The property, an attractive corner building, comprises a ground floor banking hall with a self-contained 3 bedroom residential flat on the first floor accessed via Sheep Street.

VAT

VAT is not applicable to this lot.

Viewings

There will be block viewings for this property.
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Will Moore. Telephone: +44 (0)20 7034 4858.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property, an attractive corner building, comprises a ground floor banking hall with a self-contained 3 bedroom residential flat on the first floor accessed via Sheep Street.

VAT

VAT is not applicable to this lot.

Viewings

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground First	Banking Hall/Ancillary Residential	101.62 sq m Three Bedroom Flat	(1,094 sq ft)	LLOYDS BANK PLC (1)	10 years from 24/06/2012 until 2022 on a full repairing and insuring lease (2)	£19,800	24/06/2017
Total Commercial Area		101.62 sq m	(1,094 sq ft)			£19,800

(1) For the year ending 31st December 2013, Lloyds Bank plc reported a pre-tax profit of £894,000,000 and a total net worth of £34,109,000,000. (Source: Riskdisk 12/6/2014)
(2)The lease provides for a tenant option to determine the lease on 24th June 2017.