Prime pedestrianised town centre location opposite Marks & Spencer
Close proximity to The Britten Shopping Centre
Nearby retailers include Shoe Zone, Vodafone, Boots and The Body Shop
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 23
Auction 16th February 2017
Rent £140,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector Bank
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
10 miles south of Great Yarmouth, 27 miles south-east of Norwich
Roads
A12, A146, A11, M11
Rail
Lowestoft Rail
Air
Norwich International Airport
Situation
The property is situated on the western side of London Road North, Lowestoft's prime pedestrianised retail thoroughfare. The property is located a short distance from The Britten Shopping Centre which houses retailers including Iceland, WH Smith and Poundland. Other nearby occupiers include Marks & Spencer ,Shoe Zone, Vodafone, Boots and The Body Shop.
Tenure
Freehold.
Location
Miles
10 miles south of Great Yarmouth, 27 miles south-east of Norwich
Roads
A12, A146, A11, M11
Rail
Lowestoft Rail
Air
Norwich International Airport
Situation
The property is situated on the western side of London Road North, Lowestoft's prime pedestrianised retail thoroughfare. The property is located a short distance from The Britten Shopping Centre which houses retailers including Iceland, WH Smith and Poundland. Other nearby occupiers include Marks & Spencer ,Shoe Zone, Vodafone, Boots and The Body Shop.
Tenure
Freehold.
Description
The property comprises a ground floor banking hall with office accommodation at first floor and additional basement ancillary accommodation. The property benefits from car parking at the rear.
VAT
VAT is not applicable to this lot.
Viewings
There will be a block viewing for this property. Please register your interest with Georgina Roberts
Tel: +44 (0)20 7034 4863.
Email: georgina.roberts@acuitus.co.uk
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 office accommodation at first floor and additional basement ancillary accommodation. The property benefits from car parking at the rear.
VAT
VAT is not applicable to this lot.
Viewings
There will be a block viewing for this property. Please register your interest with Georgina Roberts
Tel: +44 (0)20 7034 4863.
Email: georgina.roberts@acuitus.co.uk
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
Ground Basement First
Banking Hall Ancillary Office
375.89 sq m 113.89 sq m 321.53 sq m
(4,046 sq ft) (1,226 sq ft) (3,461 sq ft)
BARCLAYS BANK PLC (1)
20 years from 27/04/2007 until 26/04/2027 (2)
£140,000
27/04/2022
Total
811.31 sq m
(8,733 sq ft)
£140,000
1) Barclays Bank Plc operates in over 40 countries, with over 130,000 employees worldwide (Source: www.home.barclays.com 21/12/2016). For the year ending 31st December 2015, Barclays Bank plc reported pre-tax profits of £2,841,000,000 and a total net worth of £55,845,000,000. (Source: Experian Group: 21/12/2016). (2) The lease provided a tenant option to determine in 2022 which was removed in return for an agreed concessionary rent expiring 28th September 2019. The seller has agreed to adjust the completion monies so that the unit will effectively produce £140,000 p.a.x. from completion of the sale. Please refer to the legal pack for further information.
Contacts
Seller's Solicitors
Solomon Taylor & Shaw Solicitors 3 Coach House Yard, Hampstead High Street London NW3 1QF
