National Westminster Bank 52/ 52A/ 52B London Road Alderley Edge Cheshire SK9 7EF
National Westminster Bank 52/ 52A/ 52B London Road Alderley Edge Cheshire SK9 7EF
Attractive Bank/Office Investment
Producing £31,000 per annum exclusive (gross), £30,986.33 p.a.x (net)
Predominantly let to National Westminster Bank plc until 2027 (no breaks)
Rent reviewed to the higher of Open Market Rental Value or a fixed increase of 3.75% in 2021
Highly affluent and desirable residential location
Prominent corner location situated amongst independent boutique retailers and restaurants and national retailers including Caffè Nero, Costa Coffee, Barclays and Waitrose
Producing £31,000 per annum exclusive (gross), £30,986.33 p.a.x (net)
Predominantly let to National Westminster Bank plc until 2027 (no breaks)
Rent reviewed to the higher of Open Market Rental Value or a fixed increase of 3.75% in 2021
Highly affluent and desirable residential location
Prominent corner location situated amongst independent boutique retailers and restaurants and national retailers including Caffè Nero, Costa Coffee, Barclays and Waitrose
Alderley Edge is an attractive and highly affluent Cheshire village, located 14 miles south of Manchester City Centre and close to the M6, M56 and Manchester Airport. The property is situated in a prominent corner position at the junction of the busy London Road and George Street. London Road features a number of independent boutique retailers, cafés, restaurants and national retailers including Caffé Nero, Costa Coffee, Barclays and Waitrose.
Tenure
Virtual Freehold. for a term of 994 years from 23rd February 1858 at
a fixed rent of £13.67 p.a.x
Location
Miles
6 miles north-west of Macclesfield,14 miles south of Manchester
Alderley Edge is an attractive and highly affluent Cheshire village, located 14 miles south of Manchester City Centre and close to the M6, M56 and Manchester Airport. The property is situated in a prominent corner position at the junction of the busy London Road and George Street. London Road features a number of independent boutique retailers, cafés, restaurants and national retailers including Caffé Nero, Costa Coffee, Barclays and Waitrose.
Tenure
Virtual Freehold. for a term of 994 years from 23rd February 1858 at
a fixed rent of £13.67 p.a.x
Description
The property, an attractive period building, comprises a banking hall on part of the ground floor with basement and first floor ancillary accommodation. Other parts of the basement to second floors (numbers 52A and 52B) are self contained office accommodation. Additionally, the property benefits from car parking to the rear.
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, an attractive period building, comprises a banking hall on part of the ground floor with basement and first floor ancillary accommodation. Other parts of the basement to second floors (numbers 52A and 52B) are self contained office accommodation. Additionally, the property benefits from car parking to the rear.
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
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
52 London Road
Basement Ground Part First
Ancillary Banking Hall Ancillary
83.52 sq m 168.06 sq m 20.34 sq m
(899 sq ft) (1,809 sq ft) (219 sq ft)
NATIONAL WESTMINSTER BANK PLC (1)
Approx 21 years from 13/12/2006 until 11/12/2027
£30,500
11/12/2021 (2) 11/12/2026
52A & 52B London Road
Part Basement, Ground, First & Second
Offices
-
(-)
INDIVIDUAL
150 years from 30/06/2014 until 2164 (3)
£500 (3)
Totals (Bank Only)
271.92 sq m
(2,927 sq ft)
£31,000
(1) National Westminster Bank plc is a wholly owned subsidiary of Royal Bank of Scotland plc who have a market capitalisation rate of £43bn and are 81% owned by HM Government. (Source: www.natwest.com & 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%. (3)Let on two leases, each at a fixed rent of £250 per annum.
