Let to Lloyds Bank plc until 2021 (subject to option)
Busy position opposite Raynes Park Railway Station
Tenant in occupation for at least 18 years
Nearby occupiers include Waitrose, Starbucks and Boots the Chemist
<a href="/media/31634/legal title report - v3.pdf" target="_blank" title="legal title report">Legal Title Report available here</a>
Lot 2
Auction 23rd October 2014
Rent £16,000 per Annum Exclusive
Status Sold
Price £475,000
Sector Bank
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
On behalf of Administrators Zolfo Cooper
Property Information
Location
Miles
8 miles south-west of London’s West End
3 miles east of Kingston upon Thames
5 miles south-east of Richmond
Roads
A238, A3
Rail
Raynes Park Rail Station (21 mins direct to London Waterloo)
Air
London Heathrow Airport
Situation
Raynes Park is a prosperous and affluent south-west London suburb 1 mile from Wimbledon town centre, home to the world famous lawn tennis championships. The property is prominently situated opposite Raynes Park Railway Station on the north side of the busy Coombe Lane. Nearby occupiers include Boots the Chemist, Starbucks, Greggs and Barclays Bank.
Tenure
Freehold.
Location
Miles
8 miles south-west of London’s West End
3 miles east of Kingston upon Thames
5 miles south-east of Richmond
Roads
A238, A3
Rail
Raynes Park Rail Station (21 mins direct to London Waterloo)
Air
London Heathrow Airport
Situation
Raynes Park is a prosperous and affluent south-west London suburb 1 mile from Wimbledon town centre, home to the world famous lawn tennis championships. The property is prominently situated opposite Raynes Park Railway Station on the north side of the busy Coombe Lane. Nearby occupiers include Boots the Chemist, Starbucks, Greggs and Barclays Bank.
Tenure
Freehold.
Description
The property comprises a ground floor banking hall with ancillary accommodation on the first and second floors. The tenant also occupies the adjoining property (which is not part of the sale) and has created internal ground floor access between the two properties.
Legal Title Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
Note
This property is being marketed for sale on behalf of Administrators and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Administrators to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Administrators are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
VAT
VAT is not applicable to this lot.
Viewings
There will be one block viewing for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Henry Wilkinson. Tel: +44 (0)20 7034 4861. Email: henry.wilkinson@acuitus.co.uk
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor banking hall with ancillary accommodation on the first and second floors. The tenant also occupies the adjoining property (which is not part of the sale) and has created internal ground floor access between the two properties.
Legal Title Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
Note
This property is being marketed for sale on behalf of Administrators and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Administrators to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Administrators are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
VAT
VAT is not applicable to this lot.
Viewings
There will be one block viewing for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Henry Wilkinson. Tel: +44 (0)20 7034 4861. Email: henry.wilkinson@acuitus.co.uk
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/(Reversion)
Ground First Second
Banking Hall/Ancillary Ancillary Ancillary
90.92 sq m 38.81 sq m 36.36 sq m
(979 sq ft) (418 sq ft) (390 sq ft)
LLOYDS BANK PLC (1)
10 years from 24/06/2011 on a full repairing and insuring lease (2)
£16,000 (2)
24/06/2016 (23/06/2021)
Totals
166.09 sq m
(1,787 sq ft)
£16,000 (2)
(1) For the year ending 31st December 2013, Lloyds Bank plc reported a pre-tax profit of £894,000,000 and a net worth of £34,109,000,000. (Source: www.riskdisk.com 20/08/2014) (2)The lease provides for a tenant’s option to determine on the 23rd June 2016 on 6 months’ written notice. If the option to determine is not activated, the tenant will benefit from a 6 month rent free period from 24th June 2016.
Contacts
Seller's Solicitors
Addleshaw Goddard LLP One St. Peter's Square Manchester M2 3DE
