Bank of Scotland 58 / 60 High Street Leven Fife KY8 4NA

  • Bank of Scotland<br>58 / 60 High Street<br>Leven<br>Fife<br>KY8 4NA

Bank of Scotland
58 / 60 High Street
Leven
Fife
KY8 4NA

Heritable Bank Investment

  • Entirely let to Bank of Scotland Plc - part of Lloyds Banking Group Plc
  • New 15 year lease from 29th December 2016 (No Breaks)
  • Favourable alienation provisions within the lease
  • Prominent town centre location with Boots the Chemist, WHSmith and Greggs closeby
  • VAT-free Bank Investment in popular Tourist Seaside Town
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    21
  • Auction
    25th May 2017
  • Rent
    £26,300 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Heritable Bank Investment

  • Entirely let to Bank of Scotland Plc - part of Lloyds Banking Group Plc
  • New 15 year lease from 29th December 2016 (No Breaks)
  • Favourable alienation provisions within the lease
  • Prominent town centre location with Boots the Chemist, WHSmith and Greggs closeby
  • VAT-free Bank Investment in popular Tourist Seaside Town
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 21
  • Auction 25th May 2017
  • Rent £26,300 per Annum Exclusive
  • Status Sold Post
  • Price  
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
14 miles south-west of St Andrews, 36 miles north-east of Edinburgh City Centre
Roads
A92, A915
Air
Edinburgh Airport
Situation

Leven is home to the famous Leven Links Golf Club which was founded in 1846, making it one of the oldest golf clubs in the world. Leven is also home to one of the largest grain distillery and bottling facilities in the world. The property is located in a prominent trading location on the western side of the pedestrianised High Street, the town's principal retailing thoroughfare. Nearby occupiers include Boots the Chemist, WHSmith, Greggs, Poundland, Specsavers and Iceland. South Street Car Park is located nearby and provides car parking for over 110 cars and the town's bus station is in easy walking distance.

Tenure

Heritable.

Location
Miles
14 miles south-west of St Andrews, 36 miles north-east of Edinburgh City Centre
Roads
A92, A915
Air
Edinburgh Airport
Situation

Leven is home to the famous Leven Links Golf Club which was founded in 1846, making it one of the oldest golf clubs in the world. Leven is also home to one of the largest grain distillery and bottling facilities in the world. The property is located in a prominent trading location on the western side of the pedestrianised High Street, the town's principal retailing thoroughfare. Nearby occupiers include Boots the Chemist, WHSmith, Greggs, Poundland, Specsavers and Iceland. South Street Car Park is located nearby and provides car parking for over 110 cars and the town's bus station is in easy walking distance.

Tenure

Heritable.

Description

The property comprises a double fronted bank, with offices and ancillary accommodation on the first floor. The property benefits from four car parking spaces to the rear.

VAT

VAT is not applicable to this lot.

Note

The tenant is only able to assign the lease to the Government, a Local or Public Authority, or a company which has had a Dun & Bradstreet rating of 5A1 or better for the three years preceding the date of any proposed assignment or (where the original tenant is the assignor only) to a group company of the original tenant and if the lease is assigned to a group company of the original tenant then no further assignment is allowed. The landlord can require a guarantee in standard Scottish PSG terms if consenting to an assignation to anyone other than the foregoing.

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 double fronted bank, with offices and ancillary accommodation on the first floor. The property benefits from four car parking spaces to the rear.

VAT

VAT is not applicable to this lot.

Note

The tenant is only able to assign the lease to the Government, a Local or Public Authority, or a company which has had a Dun & Bradstreet rating of 5A1 or better for the three years preceding the date of any proposed assignment or (where the original tenant is the assignor only) to a group company of the original tenant and if the lease is assigned to a group company of the original tenant then no further assignment is allowed. The landlord can require a guarantee in standard Scottish PSG terms if consenting to an assignation to anyone other than the foregoing.

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
First

 Banking Hall/Ancillary
Offices/Ancillary
195.75 sq m
81.01 sq m
(2,107 sq ft)
(872 sq ft)
 BANK OF
SCOTLAND PLC
(1)
 15 years from
29/12/2016 until
28/12/2031 on a full
repairing and
insuring lease
 £26,300
 29/12/2021
and
29/12/2026
Totals  
276.76 sq m
(2,979 sq ft)
     £26,300
  

(1) Bank of Scotland was founded in 1695 and is Scotland's oldest bank. In 2009, it was acquired by Lloyds TSB, with the new entity named as Lloyds Banking Group. The acquisition created the largest retail bank in the UK. For the year ending 31st December 2016, Bank of Scotland Plc reported pre-tax profits of £3,395,000,000 and total assets of £7,352,000,000 (Sources: www.bankofscotland.co.uk and www.lloydsbankinggroup.com 26/04/2017).

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Seller's Solicitors
Leslie Wolfson & Co. Solicitors 19 Waterloo Street
Glasgow
G2 6BQ
Andrew McCowan 0141 226 4499amcc@lesliewolfson.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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