5/5a/7 Sherrard Street Melton Mowbray Leicestershire LE13 1XR

5/5a/7 Sherrard Street
Melton Mowbray
Leicestershire
LE13 1XR

Freehold Bank Investment

Let to Lloyds Banking Group plc until 2023 (no breaks)
Prosperous and historic market town
No VAT payable
Prominent town centre location close to pedestrianised Market Place
Nearby occupiers include Superdrug, Boots the Chemist, WH Smith and Pizza Express
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
22
Auction
23rd March 2016
Rent
£60,150 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Interested?

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Freehold Bank Investment

Let to Lloyds Banking Group plc until 2023 (no breaks)
Prosperous and historic market town
No VAT payable
Prominent town centre location close to pedestrianised Market Place
Nearby occupiers include Superdrug, Boots the Chemist, WH Smith and Pizza Express
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 22
Auction 23rd March 2016
Rent £60,150 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Bank
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 15 miles north-east of Leicester, 15 miles east of Loughborough, 19 miles south-east of Nottingham
Roads: M1, A46, A606, A607
Rail: Melton Mowbray Railway Station
Air: East Midlands Airport

Situation

Melton Mowbray is an affluent and historic market town. The property is prominently situated on the north side of Sherrard Street, close to its junction with pedestrianised Market Place. Nearby occupiers include Superdrug, Boots the Chemist, WH Smith and Pizza Express.

Tenure

Freehold.

Location

Miles: 15 miles north-east of Leicester, 15 miles east of Loughborough, 19 miles south-east of Nottingham
Roads: M1, A46, A606, A607
Rail: Melton Mowbray Railway Station
Air: East Midlands Airport

Situation

Tenure

Freehold.

Description

The property benefits from a substantial frontage to the busy Sherrard Street and comprises a ground floor banking hall with ancillary accommodation on the basement and first floors.

Six Week Completion

VAT

VAT is not applicable to this lot.

Viewings

There will be one viewing date. Interested parties must register their details with the Auctioneers and provide identification on-site. Please contact Alec Linfield. Telephone: +44 (0)20 7034 4860.

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

There will be one viewing date. Interested parties must register their details with the Auctioneers and provide identification on-site. Please contact Alec Linfield. Telephone: +44 (0)20 7034 4860.

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	Review/(Reversion)
Basement Ground First	Ancillary Banking Hall Ancillary	24.53 sq m 290.32 sq m 25.46 sq m	(264 sq ft) (3,125 sq ft) (274 sq ft)	LLOYDS BANKING GROUP PLC (1)	10 years from 24/06/2013 on a full repairing and insuring lease	£60,150	24/06/2018 (23/06/2023)
Totals		340.31 sq m	(3,663 sq ft)			£60,150

(1) For the year ending 31st December 2014, Lloyds Banking Group plc reported a working capital of £287,617,000,000, pre-tax profits of £1,762,000,000 and a total net worth of £44,604,000,000. (Source: www.riskdisk.com 22/02/2016)