HSBC Bank, 1 Leeming Street Mansfield Nottinghamshire NG18 1LU

HSBC Bank, 1 Leeming Street
Mansfield
Nottinghamshire
NG18 1LU

Freehold Bank/Office Investment

Let to HSBC Bank plc until 2021 (subject to option)
Prominent corner location in busy pedestrianised thoroughfare
Nearby occupiers include Marks & Spencer, Derbyshire Building Society, Co-Operative Travel and McDonald's
Continuously let as a bank for over 80 years
Six week completion available

Lot
30
Auction
22nd February 2011
Rent
£74,200 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

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Freehold Bank/Office Investment

Let to HSBC Bank plc until 2021 (subject to option)
Prominent corner location in busy pedestrianised thoroughfare
Nearby occupiers include Marks & Spencer, Derbyshire Building Society, Co-Operative Travel and McDonald's
Continuously let as a bank for over 80 years
Six week completion available

Lot 30
Auction 22nd February 2011
Rent £74,200 per Annum Exclusive
Status Sold Prior
Price
Sector
Bank
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

Property Information

Location

Estimated District Population: 68,000
Miles: 17 miles north of Nottingham; 11 miles south-east of Chesterfield
Roads: M1, A38, A617, A60
Rail: Mansfield Rail
Air: Nottingham Airport

Situation

The property is situated in a prominent corner position on Market Place, at the junction with Leeming Street, in an established retail area in the heart of Mansfield town centre. The property is situated within the Market Place Conservation Area and within the town's main banking pitch. Nearby occupiers include Derbyshire Building Society, Marks & Spencer, Co-Operative Travel and McDonald's.

Tenure

Freehold.

Location

Estimated District Population: 68,000
Miles: 17 miles north of Nottingham; 11 miles south-east of Chesterfield
Roads: M1, A38, A617, A60
Rail: Mansfield Rail
Air: Nottingham Airport

Situation

Tenure

Freehold.

Description

The property, an attractive and historic building, comprises a GROUND FLOOR BANKING HALL with BASEMENT STORAGE and OFFICE ACCOMMODATION on the first and second floors. Part of the first and second floors benefit from self-contained access via Market Place. The property has been continuously let as a bank for over 80 years and was previously let to Midland Bank.

VAT

VAT is not applicable to this lot.

EPC

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

Description

VAT

VAT is not applicable to this lot.

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 Ground Basement First Second	Banking Hall Office Ancillary Office Office	209.20 sq m 67.90 sq m 145.00 sq m 189.90 sq m 208.10 sq m	(2,252 sq ft) (731 sq ft) (1,561 sq ft) (2,044 sq ft) (2,240 sq ft)	HSBC BANK PLC (1)	15 years from 12/10/2006 on a full repairing and insuring lease (2)(3)(4)	£74,200	12/10/2011 and 2016
Totals		820.10 sq m	(8,828 sq ft)			£74,200

(1) For the year ending 31st December 2009, HSBC Bank plc reported a turnover of £25,137,000,000, a pre-tax profit of £4,014,000,000 and a total net worth of £16,588,000,000.
(Source: www.hsbc.co.uk 16/01/2009)
(2) The lease provides for a tenant’s option to determine the lease on 12th October 2016.
(3) The tenant has sub-let part of the first and second floors on two separate leases.
(4) The tenant has an option to renew the lease for a further 15 years at the end of the term.