Entirely let to TSB Bank plc until 2021 (subject to option)
Tenant in occupation for at least 18 years
Nearby occupiers include Barclays Bank, Nationwide, Saffron Building Society and Oxfam
<a href="/media/31634/legal title report - v3.pdf" target="_blank" title="legal title report">Legal Title Report available here</a>
Lot 12
Auction 23rd October 2014
Rent £16,000 per Annum Exclusive
Status Sold
Price £330,000
Sector Bank
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
On behalf of Administrators Zolfo Cooper
Property Information
Location
Miles
9 miles east of Bishops Stortford
10 miles west of Braintree
13 miles north-west of Chelmsford
43 miles north-east of London
Roads
B184, A120
Rail
Stansted Airport Rail
Air
London Stansted Airport
Situation
Great Dunmow is a market town situated on the A120 between Bishops Stortford and Braintree, close to Stansted Airport. The property is located on the eastern side of the High Street with nearby occupiers including Barclays Bank, Nationwide, Saffron Building Society, Oxfam and a number of other independent retailers.
Tenure
Freehold.
Location
Miles
9 miles east of Bishops Stortford
10 miles west of Braintree
13 miles north-west of Chelmsford
43 miles north-east of London
Roads
B184, A120
Rail
Stansted Airport Rail
Air
London Stansted Airport
Situation
Great Dunmow is a market town situated on the A120 between Bishops Stortford and Braintree, close to Stansted Airport. The property is located on the eastern side of the High Street with nearby occupiers including Barclays Bank, Nationwide, Saffron Building Society, Oxfam and a number of other independent retailers.
Tenure
Freehold.
Description
The property comprises a ground floor banking hall with first floor ancillary accommodation and basement storage.
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: 020 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 first floor ancillary accommodation and basement storage.
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: 020 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 Basement First
Banking Hall/Ancillary Strong Room Ancillary
99.71 sq m 17.07 sq m 68.46 sq m
(1,073 sq ft) (184 sq ft) (737 sq ft)
TSB 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
185.24 sq m
(1,994 sq ft)
£16,000 (2)
(1) For the year ending 31st December 2013, TSB Bank plc reported a pre-tax profit of £74,500,000 and a net worth of £1,295,200,000. (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
