Lloyds Bank 5 Market Square Stafford Staffordshire ST16 2JL

Lloyds Bank
5 Market Square
Stafford
Staffordshire
ST16 2JL

Freehold Bank Investment

Entirely let to Lloyds Bank plc until June 2026 (no breaks)
Originally the Old Bank, founded in 1737 and incorporated with Lloyds in 1866
Prime town centre location close to Boots the Chemist, HSBC, River Island, Pizza Express and The Body Shop
VAT free Investment
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
6
Auction
9th July 2015
Rent
£79,000 per Annum Exclusive
Status
Sold
Price
£1,330,000
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of trustees of a major pension fund

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Freehold Bank Investment

Entirely let to Lloyds Bank plc until June 2026 (no breaks)
Originally the Old Bank, founded in 1737 and incorporated with Lloyds in 1866
Prime town centre location close to Boots the Chemist, HSBC, River Island, Pizza Express and The Body Shop
VAT free Investment
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 6
Auction 9th July 2015
Rent £79,000 per Annum Exclusive
Status Sold
Price £1,330,000
Sector
Bank
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of trustees of a major pension fund

Property Information

Location

Miles: 16 miles north of Wolverhampton; 30 miles north of Birmingham
Roads: A449, M6
Rail: Stafford Rail
Air: Birmingham International

Situation

Stafford is an affluent and popular county town and the administrative centre of Staffordshire. The property is situated in a prime position within Stafford town centre on the eastern side of Market Square, at its junction with Market Street and close to its junctions with Gaolgate Street and Greengate Street.
Guildhall Shopping Centre and the prominent Shire Hall, which houses the town’s library and gallery, and are both situated opposite the property with other nearby occupiers including Boots the Chemist, HSBC, River Island, Pizza Express and The Body Shop.

Tenure

Freehold.

Location

Miles: 16 miles north of Wolverhampton; 30 miles north of Birmingham
Roads: A449, M6
Rail: Stafford Rail
Air: Birmingham International

Situation

Tenure

Freehold.

Description

The property, a Grade II Listed building, comprises a banking hall with ancillary accommodation on the ground floor, basement storage accommodation and ancillary accommodation on the first and second floors.

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 block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site.
Please contact Will Moore. Telephone: +44 (0)20 7034 4858.

EPC

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

Description

VAT

VAT is not applicable to this lot.

Viewings

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 Basement First Second	Banking Hall/Ancillary Ancillary Ancillary Ancillary	310.75 sq m 117.05 sq m 121.70 sq m 179.76 sq m	(3,345 sq ft) (1,260 sq ft) (1,310 sq ft) (1,935 sq ft)	LLOYDS BANK PLC (1)	15 years from 24/06/2011 until 23/06/2026 on a full repairing and insuring lease	£79,000	24/06/2016 and 24/06/2021
Totals		729.26 sq m	(7,850 sq ft)			£79,000

For the year ending 31st December 2014, Lloyds Bank plc reported pre-tax profits of £2,289,000,000 and a total net worth of £39,827,000,000.
(Source: www.riskdisk.com 03/06/2015)