9 Corn Square Leominster Herefordshire HR6 8LT

  • 9 Corn Square<br>Leominster<br>Herefordshire<br>HR6 8LT

9 Corn Square
Leominster
Herefordshire
HR6 8LT

Freehold Bank Investment

  • Entirely let to Lloyds Bank plc (by way of lease renewal) until 2023 (No breaks)
  • Approximate site area of 0.13 hectares (0.32 acres) with large garden to rear
  • Future residential redevelopment potential (subject to lease and consents)
  • Attractive building in historic market town
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    13
  • Auction
    7th July 2016
  • Rent
    £24,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £460,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
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Freehold Bank Investment

  • Entirely let to Lloyds Bank plc (by way of lease renewal) until 2023 (No breaks)
  • Approximate site area of 0.13 hectares (0.32 acres) with large garden to rear
  • Future residential redevelopment potential (subject to lease and consents)
  • Attractive building in historic market town
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 13
  • Auction 7th July 2016
  • Rent £24,000 per Annum Exclusive
  • Status Sold
  • Price £460,000
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG

Property Information

Location
Miles
13 miles north of Hereford, 25 miles west of Worcester, 57 miles south-west of Birmingham
Roads
A44, A49, A456, M5 (Junction 7)
Rail
Leominster Railway Station
Air
Birmingham International Airport
Situation

The property is located in the historic market town of Leominster and is prominently situated on the east side of Corn Square which runs off the pedestrianised Drapers Lane and Corn Street. The property benefits from a public car park to the rear for approximately 110 cars with nearby occupiers including Boots the Chemist and WH Smith.

Tenure

Freehold.

Location
Miles
13 miles north of Hereford, 25 miles west of Worcester, 57 miles south-west of Birmingham
Roads
A44, A49, A456, M5 (Junction 7)
Rail
Leominster Railway Station
Air
Birmingham International Airport
Situation

The property is located in the historic market town of Leominster and is prominently situated on the east side of Corn Square which runs off the pedestrianised Drapers Lane and Corn Street. The property benefits from a public car park to the rear for approximately 110 cars with nearby occupiers including Boots the Chemist and WH Smith.

Tenure

Freehold.

Description

The property comprises a ground floor banking hall with ancillary accommodation in the basement and first floors. The property benefits from a large garden to the rear and an approximate site area of 0.13 hectares (0.32 acres).

VAT

VAT is not applicable to this lot.

Viewings

There will be a single block viewing for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Alec Linfield.
Tel: 020 7034 4860.

Completion Period

Six Week Completion

EPC

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

Description

The property comprises a ground floor banking hall with ancillary accommodation in the basement and first floors. The property benefits from a large garden to the rear and an approximate site area of 0.13 hectares (0.32 acres).

VAT

VAT is not applicable to this lot.

Viewings

There will be a single block viewing for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Alec Linfield.
Tel: 020 7034 4860.

Completion Period

Six Week Completion

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
Basement
Ground
First 		Ancillary
Banking Hall/Ancillary
Ancillary
62.43 sq m
177.14 sq m
177.31 sq m
(672 sq ft)
(1,907 sq ft)
(1,909 sq ft)
 LLOYDS
BANK
PLC (1)		 10 years from 05/04/2013 until
2023 on a full repairing and
insuring lease		 £24,000 05/04/2018
Totals  
416.88 sq m
(4,488 sq ft)
     £24,000

(1) For the year ending 31/12/2015, Lloyds Bank plc reported pre-tax profits of £1,372,000,000 and a total net worth of £43,108,000,000. (Source: www.riskdisk.com 01/06/2016)

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Shulmans LLP 10 Wellington Place
Leeds
LS1 4AP
Kieran Wilkinson 0113 2452833kwilkinson@shulmans.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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