Lloyds TSB, 58 Queens Road Clifton Bristol BS8 1RE

Lloyds TSB, 58 Queens Road
Clifton
Bristol
BS8 1RE

Attractive Freehold Bank Investment

Substantial five storey period building in affluent Bristol suburb
Let to Lloyds Bank Plc until December 2025 (no breaks)
Close to Bristol University buildings and Bristol Museum and Art Gallery
Nearby occupiers include Waitrose, Boots, Space.NK, Bill’s Restaurant and Wagamama

Lot
30
Auction
11th July 2018
Rent
£100,500 per Annum Exclusive
Status
Sold
Price
£1,780,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of a Major Pension Fund

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Attractive Freehold Bank Investment

Substantial five storey period building in affluent Bristol suburb
Let to Lloyds Bank Plc until December 2025 (no breaks)
Close to Bristol University buildings and Bristol Museum and Art Gallery
Nearby occupiers include Waitrose, Boots, Space.NK, Bill’s Restaurant and Wagamama

Lot 30
Auction 11th July 2018
Rent £100,500 per Annum Exclusive
Status Sold
Price £1,780,000
Sector
Bank
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of a Major Pension Fund

Property Information

Location

Miles: 13 miles west of Bath, 50 miles east of Cardiff
Roads: A38, A4032, M32, M4
Rail: Bristol Temple Meads; (1hr 40 mins to London Paddington)
Air: Bristol International Airport

Situation

Clifton is an affluent suburb of Bristol, located less than a mile west of the city centre. Clifton is a popular residential and commercial area, being home to a number of Bristol University buildings (student body of over 20,000), including the Wills Memorial Building on Queens Road, and the main administrative building, Senate House, which is within a 5 minute walk of the subject property. Queens Road (A4108) is a busy thoroughfare leading to the city centre via Park Row. Bristol Museum and Art Gallery is located some 150 metres from the property, with Bristol Grammar School, Bristol Lido and Colston Hall also within walking distance. Other nearby occupiers including Waitrose, Boots, NatWest and White Stuff, along with a number of restaurants such as Wagamama, Cau, Wahaca and Bill’s.

Tenure

Freehold.

Location

Miles: 13 miles west of Bath, 50 miles east of Cardiff
Roads: A38, A4032, M32, M4
Rail: Bristol Temple Meads; (1hr 40 mins to London Paddington)
Air: Bristol International Airport

Situation

Tenure

Freehold.

Description

The property, an attractive Grade II listed period building, comprises an impressive five storey period building providing a banking hall on ground floor with ancillary accommodation over basement and upper floors. The tenant is in the process of internally refurbishing

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	Review
Ground Basement First Second Third	Banking Hall/Ancillary Ancillary Ancillary Ancillary Ancillary	225.28 sq m 84.99 sq m 104.10 sq m 185.33 sq m 104.70 sq m	(2,425 sq ft) (915 sq ft) (1,120 sq ft) (1,995 sq ft) (1,127 sq ft)	LLOYDS BANK PLC (1)	15 years from 01/12/2010 on a full repairing and insuring lease	£100,500	01/12/2020 (30/11/2025)
Total		704.40 sq m	(7,582 sq ft)			£100,500

(1) For the year ending 31st December 2017, Lloyds Bank Plc reported pre tax profits of £5,035,000,000 and a total net worth of £47,675,000,000 (Source: Experian 06/06/2018)