27/28 Vicar Street Kidderminster Worcestershire DY10 1DA

27/28 Vicar Street
Kidderminster
Worcestershire
DY10 1DA

Freehold Bank Investment

Let to Halifax Limited – a part of Lloyds Banking Group plc
Approximately 55.90 sq m (5,984 sq ft)
Located close to Weavers Wharf Retail, Park and Rowland Hill Shopping Centre
Pedestrianised town centre location

Lot
50
Auction
23rd October 2014
Rent
£85,000 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On the Instructions of M Nardini and T Perkin of CBRE Limited acting as Joint Fixed Charge Receivers

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Freehold Bank Investment

Let to Halifax Limited – a part of Lloyds Banking Group plc
Approximately 55.90 sq m (5,984 sq ft)
Located close to Weavers Wharf Retail, Park and Rowland Hill Shopping Centre
Pedestrianised town centre location

Lot 50
Auction 23rd October 2014
Rent £85,000 per Annum Exclusive
Status Sold Post
Price
Sector
Bank
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On the Instructions of M Nardini and T Perkin of CBRE Limited acting as Joint Fixed Charge Receivers

Property Information

Location

Miles: 17 miles south of Wolverhampton 19 miles south-west of Birmingham
Roads: A448, A456, M5, M42
Rail: Kidderminster Railway Station
Air: Birmingham

Situation

The property is situated on the western side of Vicar Street, a popular pedestrianised thoroughfare in the heart of Kidderminster town centre. Vicar Street benefits from good pedestrian footflow as a result of its proximity to Weavers Wharf Retail Park where Marks & Spencer, Debenhams, Next, Boots the Chemist and Sports Direct are all represented. WHSmith, Superdrug, Lloyds Bank and a large British Heart Foundation shop are all represented on Vicar Street.

Tenure

Freehold.

Location

Miles: 17 miles south of Wolverhampton 19 miles south-west of Birmingham
Roads: A448, A456, M5, M42
Rail: Kidderminster Railway Station
Air: Birmingham

Situation

Tenure

Freehold.

Description

The property comprises a large ground floor banking hall with offices/ancillary accommodation arranged on the first floor. This property is being marketed for sale on behalf of Joint Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Fixed Charge Receivers are not bound to accept the highest or any offer and are acting as agents in respect of this sale and without personal liability.

VAT

VAT is applicable to this lot.

EPC

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

Description

VAT

VAT is applicable to this lot.

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	Reversion
Ground First	Banking Hall/ Ancillary Office/ Ancillary	280.55 sq m 275.35 sq m	(3,020 sq ft) (2,964 sq ft)	HALIFAX LIMITED (1)	15 years from 30/10/2003 on a full repairing and insuring lease	£85,000	29/10/2018
Totals		555.90 sq m	(5,984 sq ft)			£85,000

(1) t/a Halifax. The lease was originally vested in the name of Halifax plc, who changed their name to Halifax Limited in 2007. Halifax is a division of Bank of Scotland plc who are a wholly owned subsidiary of Lloyds Banking Group plc. (source:www.lloydsbankinggroup.com)