Lloyds Bank 5 - 8 The Parade, Court Road Brockworth Nr Gloucester, Gloucestershire GL3 4EW

Lloyds Bank
5 - 8 The Parade, Court Road
Brockworth
Nr Gloucester, Gloucestershire
GL3 4EW

Freehold Bank and Residential Investment

Entirely let to Lloyds bank Plc until 2022
2017 tenant option NOT exercised
Includes three bedroom self-contained flat
Nearby occupiers include a Co-op supermarket, Lloyds Pharmacy, Coral, Sue Ryder and a number of local retailers

Lot
2
Auction
14th February 2018
Rent
£19,500 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Bank and Residential Investment

Entirely let to Lloyds bank Plc until 2022
2017 tenant option NOT exercised
Includes three bedroom self-contained flat
Nearby occupiers include a Co-op supermarket, Lloyds Pharmacy, Coral, Sue Ryder and a number of local retailers

Lot 2
Auction 14th February 2018
Rent £19,500 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: 4 miles east of Gloucester, 33 miles north-east of Bristol, 45 miles south of Birmingham
Roads: A417, A38, A40, M5 (Junction 11a approximately 1 mile)
Rail: Gloucester Railway Station
Air: Gloucestershire Airport

Situation

Brockworth is a predominantly residential suburb of Gloucester, prominently located with 1/4 mile of Gloucester Business Park, with occupiers including BAE, Ageas and others, and just 4 miles south-east of Gloucester city centre. The property is situated on the east side of Court Road, at the end of a parade of commercial units. Neighbouring occupiers include a Co-op supermarket, Lloyds Pharmacy, Coral and Sue Ryder.

Tenure

Freehold.

Location

Miles: 4 miles east of Gloucester, 33 miles north-east of Bristol, 45 miles south of Birmingham
Roads: A417, A38, A40, M5 (Junction 11a approximately 1 mile)
Rail: Gloucester Railway Station
Air: Gloucestershire Airport

Situation

Tenure

Freehold.

Description

The property comprises a double fronted bank arranged on the ground and first floors. In addition, there is a self-contained three bedroom flat on the first floor accessed via the side of the property and with parking at the rear of the property.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

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	Reversion
Ground Ground Ground Part First Part First	Banking Hall Offices Strong Room/Stores Ancillary Residential	153.47sq m 31.59sq m 25.73 sq m 54.07 sq m Not measured	(1,652 sq ft) (340 sq ft) (277 sq ft) (582 sq ft	LLOYDS BANK PLC	10 years from 25/03/2012 on a full repairing and insuring lease (1) (2)	£19,500	24/03/2022
Totals		264.86 sq m	(2,509 sq ft)			£19,500

(1) Tenant option to determine in March 2017 was not exercised.
(2) The tenant has sublet the residential flat.
(3) The floor areas stated above were agreed between the parties at a previous rent review.