Major Freehold Bank Investment
Major Freehold Bank Investment
The property is prominently situated on the north side of the pedestrianised Low Pavement in the heart of Nottingham city centre. Neighbouring occupiers include Marks & Spencer, Whistles Ladieswear, Top Man and Game.
Freehold.
The property is prominently situated on the north side of the pedestrianised Low Pavement in the heart of Nottingham city centre. Neighbouring occupiers include Marks & Spencer, Whistles Ladieswear, Top Man and Game.
Freehold.
The property is a substantial and attractive period building comprising a BANKING HALL on the ground floor and OFFICE ACCOMMODATION on the first and second floors. The third floor accommodates a PLANT ROOM. ? VATVAT is not applicable to this lot. ?
The EPC will be available to view online in the solicitor’s legal pack.
The property is a substantial and attractive period building comprising a BANKING HALL on the ground floor and OFFICE ACCOMMODATION on the first and second floors. The third floor accommodates a PLANT ROOM. ? VATVAT is not applicable to this lot. ?
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| Basement Ground First Second Third |
Ancillary Banking Hall, Offices and Ancillary Offices Offices Ancillary |
131.90 sq m |
(1,420 sq ft) (4,964 sq ft) (3,906 sq ft) (2,368 sq ft) (696 sq ft) |
LLOYDS TSB BANK PLC (1) | 15 years from 24/06/2006 until 2021 on a full repairing and insuring lease | £170,000 |
24/06/2011 and 2016 |
| Totals | 1,243.90 sq m |
(13,354 sq ft) |
£170,000 |
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(1) Lloyds TSB Bank plc are ultimately owned by Lloyds Banking Group who operate from more than 3,000 branches nationwide. Lloyds Banking Group has announced 'In the first quarter of 2010 the Group returned to profitability??'. (Source: Lloyds Banking Group ? Interim Management Statement 27th April 2010)
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