38 Blue Boar Row with frontages to Castle Street and Chipper Lane Salisbury Wiltshire SP1 1DA

  • 38 Blue Boar Row with frontages to Castle Street and Chipper Lane<br>Salisbury<br>Wiltshire<br>SP1 1DA

38 Blue Boar Row with frontages to Castle Street and Chipper Lane
Salisbury
Wiltshire
SP1 1DA

Substantial Prime Freehold Bank Investment

  • Let to Lloyds Bank PLC on renewed 10 year lease from 2011
  • Approximately 2,069.66 sq m (22,278 sq ft)
  • Highly prominent prime position in City Centre
  • Recent option to determine not exercised
  • Rent review due in June 2016
  • Residential Redevelopment Potential of upper floors (subject to consents)
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    7
  • Auction
    19th May 2016
  • Rent
    £230,000 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Substantial Prime Freehold Bank Investment

  • Let to Lloyds Bank PLC on renewed 10 year lease from 2011
  • Approximately 2,069.66 sq m (22,278 sq ft)
  • Highly prominent prime position in City Centre
  • Recent option to determine not exercised
  • Rent review due in June 2016
  • Residential Redevelopment Potential of upper floors (subject to consents)
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 7
  • Auction 19th May 2016
  • Rent £230,000 per Annum Exclusive
  • Status Sold Post
  • Price  
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
22 miles north-west of Southampton, 25 miles west of Winchester, 28 miles north of Bournemouth, 39 miles south-east of Bath
Roads
A30, A36, A338, A354
Rail
Salisbury Railway Station (Direct to London Waterloo)
Air
Bournemouth International Airport
Situation

Salisbury is an attractive historic City situated some 9 miles north of the New Forest National Park. The property is situated in a highly prominent city centre position facing market place and with frontages to Castle Street and Chipper Lane. Neighbouring occupiers include Tesco Metro, Debenhams, ASK and Bills Restaurant.

Tenure

Freehold.

Location
Miles
22 miles north-west of Southampton, 25 miles west of Winchester, 28 miles north of Bournemouth, 39 miles south-east of Bath
Roads
A30, A36, A338, A354
Rail
Salisbury Railway Station (Direct to London Waterloo)
Air
Bournemouth International Airport
Situation

Salisbury is an attractive historic City situated some 9 miles north of the New Forest National Park. The property is situated in a highly prominent city centre position facing market place and with frontages to Castle Street and Chipper Lane. Neighbouring occupiers include Tesco Metro, Debenhams, ASK and Bills Restaurant.

Tenure

Freehold.

Description

The property, an attractive Grade II Listed building comprises a ground floor banking hall and offices with ancillary and office accommodation on basement, first and second floors. The tenant has recently installed a new lift and the property benefits from a number of separate entrances on Blue Boar Road, Castle Street and Chipper Lane. The upper floors may be suitable for alternative uses including residential redevelopment, subject to consents.

Six Week Completion

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 Alec Linfield. Telephone: +44 (0)20 7034 4860.

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 and offices with ancillary and office accommodation on basement, first and second floors. The tenant has recently installed a new lift and the property benefits from a number of separate entrances on Blue Boar Road, Castle Street and Chipper Lane. The upper floors may be suitable for alternative uses including residential redevelopment, subject to consents.

Six Week Completion

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 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
Ground
Basement
First
Second 		Banking Hall/Ancillary
Ancillary
Offices/Ancillary
Offices/Ancillary
1,008.08 sq m
116.030 sq m
605.25 sq m
340.30 sq m
(10,851 sq ft)
(1,249 sq ft)
(6,515 sq ft)
(3,663 sq ft)
 LLOYDS BANK
PLC (1) (3)		 10 years from 25/06/2011
(2) on a full repairing and
insuring lease		 £230,000 25/06/2016
(25/06/2021)
Totals  
2,069.66 sq m
(22,278 sq ft)
     £230,000

1) For the year ending 31st December 2014, Lloyds Bank PLC reported a pre tax profit of £2,289,000,000 and a total net worth of £39,827,000,000. (Source: www.riskdisk.com 05/04/2016).
(2) The lease provides for a tenant option to determine the lease on 25/06/2016. The Tenant has NOT exercised this break option and the notice period has now passed.
(3) Part of the ground floor is sublet to Go South Coast Limited until 20/06/2021.

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
FBC Manby Bowdler George House, St. John's Square
Wolverhampton
WV2 4BZ
David Grove 01902 578 000d.grove@fbcmb.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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