Mildenhall is an attractive market town located some 21 miles north-east of Cambridge and home to the RAF Mildenhall Station. The property is prominently situated on Mill Street at its junction with High Street with nearby occupiers including Thomas Cook, Boots Opticians, Sue Ryder and Barclays Bank.
Mildenhall is an attractive market town located some 21 miles north-east of Cambridge and home to the RAF Mildenhall Station. The property is prominently situated on Mill Street at its junction with High Street with nearby occupiers including Thomas Cook, Boots Opticians, Sue Ryder and Barclays Bank.
Tenure
Freehold.
Description
The property comprises a ground floor banking hall with first and second floor office accommodation. The property benefits from a substantial site to the rear.
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 and second floor office accommodation. The property benefits from a substantial site to the rear.
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 Second
Banking Hall/Ancillary Ancillary Office Office
241.18 sq m 26.66 sq m 45.02 sq m 61.37 sq m
(2,596 sq ft) (287 sq ft) (485 sq ft) (661 sq ft)
LLOYDS BANK PLC (1)
10 years from 24/06/2011 on a full repairing and insuring lease (2)
£18,750 (2)
24/06/2016 (23/06/2021)
Totals
374.23 sq m
(4,029 sq ft)
£18,750 (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
