Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
6 miles south of Blackpool, 14 miles west of Preston
Roads
A583, A584, M55 (Junction 4)
Rail
St Annes-on-Sea Railway Station
Air
Liverpool John Lennon Airport, Manchester Airport
Situation
Lytham St Annes is a popular and prosperous Lancashire resort town famous for the Royal Lytham & St Annes Golf Club, a regular on the Open Championship rotation. The property is situated in a prominent corner position on the busy St Annes Road West in St Annes-on-Sea at its junction with Orchard Road in the heart of the town centre. Nearby occupiers include Aldi, Tesco Express, WH Smith, Caffè Nero, Boots the Chemist, New Look and
Edinburgh Woollen Mill.
Tenure
Virtual Freehold. for a term of 967 years from 25th March 1890 at a
fixed rent reserved of £20 per annum exclusive.
Location
Miles
6 miles south of Blackpool, 14 miles west of Preston
Roads
A583, A584, M55 (Junction 4)
Rail
St Annes-on-Sea Railway Station
Air
Liverpool John Lennon Airport, Manchester Airport
Situation
Lytham St Annes is a popular and prosperous Lancashire resort town famous for the Royal Lytham & St Annes Golf Club, a regular on the Open Championship rotation. The property is situated in a prominent corner position on the busy St Annes Road West in St Annes-on-Sea at its junction with Orchard Road in the heart of the town centre. Nearby occupiers include Aldi, Tesco Express, WH Smith, Caffè Nero, Boots the Chemist, New Look and
Edinburgh Woollen Mill.
Tenure
Virtual Freehold. for a term of 967 years from 25th March 1890 at a
fixed rent reserved of £20 per annum exclusive.
Description
The property comprises a ground floor banking hall with ancillary accommodation in the basement and self-contained commercial and residential accommodation on the basement, part ground, first and second floors accessed via Orchard Road.
Six Week Completion
Buyer's Legal 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.
VAT
VAT is not applicable to this lot.
Viewings
There will be a single block viewing for this property. All interested parties must register their details with the Auctioneers prior to the viewing date and provide identification on site. Please contact Will Moore. Email: will.moore@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 in the basement and self-contained commercial and residential accommodation on the basement, part ground, first and second floors accessed via Orchard Road.
Six Week Completion
Buyer's Legal 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.
VAT
VAT is not applicable to this lot.
Viewings
There will be a single block viewing for this property. All interested parties must register their details with the Auctioneers prior to the viewing date and provide identification on site. Please contact Will Moore. Email: will.moore@acuitus.co.uk
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x.
Reviews
26 St Annes Road West
Basement Ground
Ancillary Banking Hall
61.50 sq m 135.45 sq m
(662 sq ft) (1,458 sq ft)
THE ROYAL BANK OF SCOTLAND PLC (1)
Approx 22 years from 13/12/2006 until 11/12/2028
£20,500
11/12/2021 (2) 11/12/2026
1-5 (Odd) Orchard Road
Basement, Ground, First & Second
Residential
–
(–)
INDIVIDUAL
175 years from 31/10/2014 expiring in 2189
Peppercorn
Totals
196.95 sq m
(2,120 sq ft)
£20,500
(1) Royal Bank of Scotland has over 17 million customers in the UK and is the largest SME Bank in the UK with over 1.1 million customers. (Source: www.rbs.com) (2)The lease provides for the rent to be reviewed at the next rent review on 11th December 2021 to the higher of Open Market Rental Value or a fixed rental increase of 3.75%.
