National Westminster Bank 17 Mona Street Amlwch Angelsey LL68 9AR
National Westminster Bank 17 Mona Street Amlwch Angelsey LL68 9AR
Freehold Bank Investment with Residential Development Consent on Upper Parts
Bank let to National Westminster Bank plc until 2027 (no breaks)
Rent reviewed to the higher of Open Market Rental Value or a fixed rental increase of 3.75% in 2021
Vacant possession of upper parts with consent to convert to 4 x one and two bedroom flats plus planning consent for an additional 6 x two bedroom flats
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 33
Auction 7th July 2016
Rent £6,900 per Annum Exclusive
Status Sold Post
Price
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
Freehold Bank Investment with Residential Development Consent on Upper Parts
Bank let to National Westminster Bank plc until 2027 (no breaks)
Rent reviewed to the higher of Open Market Rental Value or a fixed rental increase of 3.75% in 2021
Vacant possession of upper parts with consent to convert to 4 x one and two bedroom flats plus planning consent for an additional 6 x two bedroom flats
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 33
Auction 7th July 2016
Rent £6,900 per Annum Exclusive
Status Sold Post
Price
Sector Bank
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
Property Information
Location
Miles
18 miles north-east of Holyhead, 18 miles north-west of Bangor
Roads
A55, A5025
Air
Anglesey Airport
Situation
Amlwch is located on the north coast of the Isle of Anglesey on the A5025 connecting Holyhead to the south-west and the Menai Bridge to the south. The property is situated in a prominent corner position on the south side of Mona Street close to its junction with Bull Bay Road (A5025).
Tenure
Freehold.
Location
Miles
18 miles north-east of Holyhead, 18 miles north-west of Bangor
Roads
A55, A5025
Air
Anglesey Airport
Situation
Amlwch is located on the north coast of the Isle of Anglesey on the A5025 connecting Holyhead to the south-west and the Menai Bridge to the south. The property is situated in a prominent corner position on the south side of Mona Street close to its junction with Bull Bay Road (A5025).
Tenure
Freehold.
Description
The property comprises a ground floor banking hall with ancillary accommodation and self-contained office accommodation on the first and second floors. The property benefits from a large site and car parking to the rear.
VAT
VAT is applicable to this lot.
Planning
Planning consent has been granted for conversion of the upper parts to 4 x one and two bedroom flats. In addition, planning consent has been granted for 6 x two bedroom flats to be built at the rear.
Viewings
There will be a single block viewing for this property. All interested parties must register their details with the Auctioneers prior to the viewing date and provide identification on site. Please contact Alec Linfield. Tel: 0207 034 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 and self-contained office accommodation on the first and second floors. The property benefits from a large site and car parking to the rear.
VAT
VAT is applicable to this lot.
Planning
Planning consent has been granted for conversion of the upper parts to 4 x one and two bedroom flats. In addition, planning consent has been granted for 6 x two bedroom flats to be built at the rear.
Viewings
There will be a single block viewing for this property. All interested parties must register their details with the Auctioneers prior to the viewing date and provide identification on site. Please contact Alec Linfield. Tel: 0207 034 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
Reviews
Ground
Banking Hall/Ancillary
156.63 sq m
(1,686 sq ft)
NATIONAL WESTMINSTER BANK PLC (1)
Approx 21 years from 13/12/2006 until 11/12/2027
£6,900
11/12/2021 (2) 11/12/2026
First Second
Planning consent for Residential Conversion for 1 x two bed and 3 x one bed flats
91.95 sq m 36.24 sq m
(990 sq ft) (390 sq ft)
VACANT POSSESSION
–
–
–
Totals
284.82 sq m
(3,066 sq ft)
£6,900
(1) National Westminster Bank plc is a wholly owned subsidiary of Royal Bank of Scotland plc who as at 31/12/2015 have a market capitalisation rate of £35.1bn and are 72.6% owned by HM Government. (Source: www.natwest.com & www.investors.rbs.com) (2)The lease provides for the rent to be reviewed at the next rent review on 11th December 2021 to the higher of Open Market Rental Value or a fixed rental increase of 3.75%.
