Let to Bank of Scotland Plc t/a Halifax on a renewed 10 year lease until 2026 (subject to options)
Halifax in occupation since at least 1994
First time on the market since 1994
Affluent commuter town
Residential redevelopment potential of rear outbuilding
Nearby occupiers include WH Smith, NatWest Bank and Costa
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 1
Auction 13th October 2016
Rent £25,000 per Annum Exclusive
Status Sold
Price £445,000
Sector Bank
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
Property Information
Location
Miles
12 miles south-east of Milton Keynes, 13 miles north-west of Luton, 42 miles north-west of Central London
Roads
A5, A418, A4146, M1
Rail
Leighton Buzzard Railway Station
Air
Luton Airport
Situation
Leighton Buzzard is an affluent commuter market town located equidistant between Luton and Milton Keynes. The property is situated on the south side of High Street close to Church Square. Nearby occupiers include Argos, WH Smith, NatWest Bank and Costa, with the Waterborne Walk Shopping Centre situated some 80 metres to the north.
Tenure
Freehold.
Location
Miles
12 miles south-east of Milton Keynes, 13 miles north-west of Luton, 42 miles north-west of Central London
Roads
A5, A418, A4146, M1
Rail
Leighton Buzzard Railway Station
Air
Luton Airport
Situation
Leighton Buzzard is an affluent commuter market town located equidistant between Luton and Milton Keynes. The property is situated on the south side of High Street close to Church Square. Nearby occupiers include Argos, WH Smith, NatWest Bank and Costa, with the Waterborne Walk Shopping Centre situated some 80 metres to the north.
Tenure
Freehold.
Description
The property comprises a ground floor banking hall with ancillary accommodation on the first and second floors. The property benefits from vehicular access to the rear of the property for approximately 3 cars, accessed off Church Square and further benefits from an outbuilding which may benefit from residential redevelopment potential (subject to consent).
VAT
VAT is not applicable to this lot.
Viewings
There will be a block viewing 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.
Email: alec.linfield@acuitus.co.uk.
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 on the first and second floors. The property benefits from vehicular access to the rear of the property for approximately 3 cars, accessed off Church Square and further benefits from an outbuilding which may benefit from residential redevelopment potential (subject to consent).
VAT
VAT is not applicable to this lot.
Viewings
There will be a block viewing 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.
Email: alec.linfield@acuitus.co.uk.
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/(Reversion)
Ground First Second
Banking Hall Ancillary Ancillary
85.70 sq m 39.10 sq m 39.10 sq m
(922 sq ft) (421 sq ft) (421 sq ft)
BANK OF SCOTLAND PLC (1)
10 years from 30/06/2016 on a full repairing and insuring lease (2)
£25,000
30/06/2021 (29/06/2026)
Totals
163.90 sq m
1,764 sq ft)
£25,000
1) For the year ending 31st December 2015, Bank of Scotland Plc reported a pre-tax profit of £2,653,000,000 and a total net worth of £14,692,000,000. (Source: www.riskdisk.com 18/07/2016). (2) The lease provides for a tenant option to determine the lease on 29th June 2019, 29th June 2021 and 29th June 2023. The current lease is granted with reference to the terms of the previous lease dated 27th June 2002 in favour of Halifax Plc.
