Let to Bradford & Bingley plc t/a Santander until 2021
Important 2011 rent review
Prime semi-pedestrianised town centre location
Short walk from Hove Railway Station and Brighton beach and promenade
Nearby occupiers include W H Smith, J D Wetherspoon, Specsavers, Ladbrokes, Clinton Cards, Lloyds TSB and Barclays
Six week completion available
Lot 15
Auction 9th December 2010
Rent £21,000 per Annum Exclusive
Status Sold
Price £400,000
Sector Bank
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
11 miles east of Worthing
55 miles south of London
Roads
A23, A27, A259
Rail
Hove Rail
Air
Gatwick Airport
Situation
The property is prominently situated on the west side of the semi-pedestrianised George Street which is the town's principal retailing thoroughfares. Neighbouring occupiers include W H Smith, Boots Opticians, Specsavers, Ladbrokes, Clinton Cards, Lloyds TSB and Barclays. The property is located approximately 10 minutes' walk from the famous Brighton beach and promenade.
Tenure
Freehold.
Location
11 miles east of Worthing
55 miles south of London
Roads
A23, A27, A259
Rail
Hove Rail
Air
Gatwick Airport
Situation
The property is prominently situated on the west side of the semi-pedestrianised George Street which is the town's principal retailing thoroughfares. Neighbouring occupiers include W H Smith, Boots Opticians, Specsavers, Ladbrokes, Clinton Cards, Lloyds TSB and Barclays. The property is located approximately 10 minutes' walk from the famous Brighton beach and promenade.
Tenure
Freehold.
Description
The property comprises a GROUND FLOOR BANKING HALL with ANCILLARY ACCOMMODATION on the first floor.
VAT
VAT is not applicable to this lot.
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 floor.
VAT
VAT is not 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
Reviews
Ground First
Retail Ancillary
51.24 sq m 24.10 sq m
(552 sq ft) (259 sq ft)
BRADFORD & BINGLEY PLC (t/a Santander)
15 years from 24/06/2006 until 23/06/2021 on a full repairing and insuring lease
£21,000
24/06/2011 and 24/06/2016
Totals
75.34 sq m
(811 sq ft)
£21,000
(1) As of 29th September 2008, all of Bradford & Bingley’s retail branches and its savings accounts were transferred to Abbey. On 11th January 2010 these were rebranded to Santander. The remainder of the business was taken into public ownership by the Government. (Source: www.bradford-bingley.co.uk 26/10/2010)NB This property is being marketed on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability
