Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of an Oxford College
Property Information
Location
Miles
9 miles north of Caernarvon, 50 miles west of Chester
Roads
A5, A55
Rail
Bangor Railway Station
Air
Liverpool John Lennon Airport
Situation
Bangor is an important University and Cathedral city which benefits from considerable tourist and commercial activity. The property is situated in a conservation area on the eastern side of the pedestrianised High Street on the prime retail pitch. The property is prominently positioned between the entrances of the Menai Shopping Centre and the Deiniol Shopping centre.
Tenure
Freehold.
Location
Miles
9 miles north of Caernarvon, 50 miles west of Chester
Roads
A5, A55
Rail
Bangor Railway Station
Air
Liverpool John Lennon Airport
Situation
Bangor is an important University and Cathedral city which benefits from considerable tourist and commercial activity. The property is situated in a conservation area on the eastern side of the pedestrianised High Street on the prime retail pitch. The property is prominently positioned between the entrances of the Menai Shopping Centre and the Deiniol Shopping centre.
Tenure
Freehold.
Description
The property, an attractive Grade II Listed building, comprises a ground floor banking hall with office and ancillary accommodation to the rear, together with offices and staff accommodation to the first floor and storage at second floor level.
There is a separate door to the first floor which could enable the first floor offices to be self-contained. The property also benefits from approximately 24 car parking spaces 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 only be one block viewing date. 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
The property, an attractive Grade II Listed building, comprises a ground floor banking hall with office and ancillary accommodation to the rear, together with offices and staff accommodation to the first floor and storage at second floor level.
There is a separate door to the first floor which could enable the first floor offices to be self-contained. The property also benefits from approximately 24 car parking spaces 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 only be one block viewing date. 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.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground First Second
Banking Hall/Ancillary Office/Ancillary Storage
283.26 sq m 153.28 sq m 83.61 sq m
(3,049 sq ft) (1,650 sq ft) (900 sq ft)
LLOYDS BANK PLC (1)
15 years from 01/12/2010 until 30/11/2025 on a full repairing and insuring lease
£92,500
01/12/2015 01/12/2020
Totals
520.15 sq m
(5,599 sq ft)
£92,500
(1) 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 26/05/2015)
Contacts
Seller's Solicitors
Darbys Solicitors LLP Midland House, West Way Botley Oxford OX2 0PH 01865 811 777
