12 Rowcroft Stroud Gloucestershire GL5 3BD

  • 12 Rowcroft<br>Stroud<br>Gloucestershire<br>GL5 3BD

12 Rowcroft
Stroud
Gloucestershire
GL5 3BD

Freehold Bank Investment

  • Entirely let to Lloyds Bank Plc
  • 10 year lease (renewal) from 2012
  • Tenant break option in September 2017 not exercised
  • Imminent Upward Only Rent Review – September 2017
  • Attractive Period Building Comprising approximately 7,315 sq ft
  • Adjacent to Merrywalks Shopping Centre and close to McDonald's, Poundland, WHSmith and branches of HSBC and Barclays banks
  • Prosperous and attractive Gloucestershire market town
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    8
  • Auction
    25th May 2017
  • Rent
    £59,000 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Interested?
  • Expand
  • Photos
  • Map

Freehold Bank Investment

  • Entirely let to Lloyds Bank Plc
  • 10 year lease (renewal) from 2012
  • Tenant break option in September 2017 not exercised
  • Imminent Upward Only Rent Review – September 2017
  • Attractive Period Building Comprising approximately 7,315 sq ft
  • Adjacent to Merrywalks Shopping Centre and close to McDonald's, Poundland, WHSmith and branches of HSBC and Barclays banks
  • Prosperous and attractive Gloucestershire market town
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 8
  • Auction 25th May 2017
  • Rent £59,000 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  • Status Withdrawn Post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
9 miles south of Gloucester, 32 miles north-east of Bristol
Roads
A417, A419, M5 (Junction 13)
Rail
Stroud Railway Station
Air
Bristol Airport
Situation

The property is situated on the northern side of Rowcroft, which connects to the pedestrianised King Street, in the heart of Stroud town centre. The property is adjacent to the Merrywalks Shopping Centre, which houses retailers including Wilko, Argos, New Look, and Home Bargains. Other nearby occupiers include Poundland, McDonald's, M&Co, Savers and branches of HSBC and Barclays banks.

Tenure

Freehold.

Location
Miles
9 miles south of Gloucester, 32 miles north-east of Bristol
Roads
A417, A419, M5 (Junction 13)
Rail
Stroud Railway Station
Air
Bristol Airport
Situation

The property is situated on the northern side of Rowcroft, which connects to the pedestrianised King Street, in the heart of Stroud town centre. The property is adjacent to the Merrywalks Shopping Centre, which houses retailers including Wilko, Argos, New Look, and Home Bargains. Other nearby occupiers include Poundland, McDonald's, M&Co, Savers and branches of HSBC and Barclays banks.

Tenure

Freehold.

Description

The property comprises a ground floor bank with ancillary accommodation on the basement floor. The property benefits from secure parking to the rear for four vehicles.

VAT

VAT is not applicable to this lot.

Note

There will be a single block viewing for this property on Wednesday 17th May. Interested parties must register their details by midday Monday 15th May. Please contact George Watkins. T: +44 (0)20 7034 4861. E: george.watkins@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 bank with ancillary accommodation on the basement floor. The property benefits from secure parking to the rear for four vehicles.

VAT

VAT is not applicable to this lot.

Note

There will be a single block viewing for this property on Wednesday 17th May. Interested parties must register their details by midday Monday 15th May. Please contact George Watkins. T: +44 (0)20 7034 4861. E: george.watkins@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 (2)
(Approx)

 Tenant Term Rent p.a.x Review
Ground
Ground
Basement

 Banking Hall
Offices
Ancillary
321.82 sq m
159.70 sq m
198.07 sq m
(3,464 sq ft)
(1,719 sq ft)
(2,132 sq ft)
 LLOYDS
BANK PLC (1)
 10 years from 29/09/2012 until
28/09/2022 on a full
repairing and insuring
lease
 £59,000
 29/09/2017
Total  
679.59 sq m
(7,315 sq ft)
     £59,000
  

(1) For the year ending 31st December 2016, Lloyds Bank Plc reported pre-tax profits of £1,977,000,000 and a total net worth of £47,806,000,000 (Source: Experian Group 25/04/2017).
(2) Floor areas agreed between the vendor and Lloyds Bank in 2011.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Associate Auctioneers
Johnson Fellows LLP 37 Queen Anne Street
London
W1G 9JB
Gerard Finn 020 7462 5764gerard.finn@johnsonfellows.co.uk
Seller's Solicitors
Quastel Midgen LLP 74 Wimpole Street
London
W1G 9RR
Jonathan Neilan jneilan@quastels.com

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

You may also be interested in

By clicking the Submit button I confirm that I would like to get updates on this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

We will keep you updated about lot xthis property.

In the meantime, if you would like to speak to the Surveyor about this property, please call on .

Are you sure you want to remove this property from your Watch List?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?