15 Load Street Bewdley Worcestershire DY12 2AD

  • 15 Load Street<br>Bewdley<br>Worcestershire<br>DY12 2AD

15 Load Street
Bewdley
Worcestershire
DY12 2AD

Freehold Bank Investment

  • Entirely let to HSBC Bank Plc until 2023 (no breaks)
  • Annual Rent Reviews linked to RPI rising to a minimum of £36,287.09 pa in June 2022
  • Nearby occupiers include the Co-operative Funeralcare, Health Point Pharmacy and a George Hotel
  • Residential potential (subject to consents)
  • VAT-free investment
  • Lot
    7
  • Auction
    5th December 2018
  • Rent
    £32,874 per Annum Exclusive
  • Status
    Sold
  • Price
    £420,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On the Instructions of a Charitable Foundation
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Freehold Bank Investment

  • Entirely let to HSBC Bank Plc until 2023 (no breaks)
  • Annual Rent Reviews linked to RPI rising to a minimum of £36,287.09 pa in June 2022
  • Nearby occupiers include the Co-operative Funeralcare, Health Point Pharmacy and a George Hotel
  • Residential potential (subject to consents)
  • VAT-free investment
  • Lot 7
  • Auction 5th December 2018
  • Rent £32,874 per Annum Exclusive
  • Status Sold
  • Price £420,000
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On the Instructions of a Charitable Foundation

Property Information

Location
Miles
3.2 miles west of Kidderminster
22 miles south-west of Birmingham city centre
Roads
A456, A442, M5
Rail
Kidderminster Railway Station
Air
Birmingham International Airport
Situation

Bewdley is a riverside town in the Wyre Forest Disctrict of Worcestershire. The property is located in the heart of the town, just a 2 minute walk to the River Severn and is located on the south side of Load Street. Nearby occupiers include Co-operative Funeralcare, Health Point Pharmacy and The George Hotel.

Tenure

Freehold.

Location
Miles
3.2 miles west of Kidderminster
22 miles south-west of Birmingham city centre
Roads
A456, A442, M5
Rail
Kidderminster Railway Station
Air
Birmingham International Airport
Situation

Bewdley is a riverside town in the Wyre Forest Disctrict of Worcestershire. The property is located in the heart of the town, just a 2 minute walk to the River Severn and is located on the south side of Load Street. Nearby occupiers include Co-operative Funeralcare, Health Point Pharmacy and The George Hotel.

Tenure

Freehold.

Description

The property is a four storey building comprising a ground floor banking hall with first floor office and basement, second and third floor ancillary accommodation.

VAT

VAT is not applicable to this lot.

Note

Reserve not to exceed £350,000

Viewings

A block viewing will be held for this property. Please refer to the website for the scheduled date and time.

Completion Period

Six Week Completion Available

EPC

Available from the legal pack at www.acuitus.co.uk

Description

The property is a four storey building comprising a ground floor banking hall with first floor office and basement, second and third floor ancillary accommodation.

VAT

VAT is not applicable to this lot.

Note

Reserve not to exceed £350,000

Viewings

A block viewing will be held for this property. Please refer to the website for the scheduled date and time.

Completion Period

Six Week Completion Available

EPC

Available from the legal pack at www.acuitus.co.uk

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews
Ground
Basement
First
Second
Third		 Banking Hall
Ancillary
Ancillary
Ancillary
Ancillary
101.60 sq m
50.50 sq m
70.30 sq m
102.00 sq m
91.10 sq m
(1,093 sq ft)
(543 sq ft)
(756 sq ft)
(1,097 sq ft)
(980 sq ft)
 HSBC BANK
PLC (1) (2)		 15 years from
04/06/2008 until
03/06/2023 on a
full repairing and
insuring lease		 £32,874 Annual RPI linked
uplifts rising to a
minimum of:
04/06/2019 £33,696.17
04/06/2020 £34,538.57
04/06/2021 £35,402.04
04/06/2022 £36,287.09
(3)
Total
415.50 sq m
(4,469 sq ft)
     £32,874  

(1) For the year ending 31st December 2017, HSBC Bank plc did not report a turnover, but reported pre-tax profits of £2.37bn, shareholders’ funds of £44.049bn and a net worth of £38.113bn (Source: Experian Group 10/08/2018). HSBC is one of the world’s largest banking and financial services organisations – further information can be found at www.hsbc.com
(2) The tenant is not currently in occupation.
(3) The lease provides annual RPI linked uplifts capped and collared to a minimum of 2.5% and maximum of 5.5%. The lease provides a tenant’s option to renew the lease for a further 15 years.
NB: Not measured by Acuitus. Areas taken from the VOA at www.voa.gov.uk

Contacts

Seller's Solicitors
Edwin Coe LLP 2 Stone Buildings, Lincoln's Inn
London
WC2A 3TH
Ian Gilmour 0207 691 4049ian.gilmour@edwincoe.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

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