Lloyds Bank School Road Sale Cheshire M33 7XE

Lloyds Bank
School Road
Sale
Cheshire
M33 7XE

Freehold Bank Investment

Let to Lloyds Bank Plc
2018 break option NOT exercised
Town centre location directly opposite The Square Shopping Centre
Neighbouring occupiers include Boots, Holland & Barrett, Vodafone, Santander, Caffè Nero, Greggs, Aldi and Costa

Lot
21
Auction
14th February 2019
Rent
£60,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Bank Investment

Let to Lloyds Bank Plc
2018 break option NOT exercised
Town centre location directly opposite The Square Shopping Centre
Neighbouring occupiers include Boots, Holland & Barrett, Vodafone, Santander, Caffè Nero, Greggs, Aldi and Costa

Lot 21
Auction 14th February 2019
Rent £60,000 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Status Withdrawn Post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: 5 miles south-west of Manchester
Roads: A56, M60 (Junction 7), M6, M56, M62
Rail: Sale Metrolink Station
Air: Manchester Airport

Situation

Sale is a prosperous Manchester commuter town situated 5 miles south-west of Manchester city centre, supported by the M60 Motorway and Manchester Metrolink. The property is situated in the heart of the town centre, directly opposite The Square Shopping Centre, in a prominent corner position at the junction of School Road and Claremont Road. Neighbouring occupiers include Boots, Holland & Barrett, Vodafone, Santander, Caffè Nero, Greggs, Aldi and Costa.

Tenure

Freehold.

Location

Miles: 5 miles south-west of Manchester
Roads: A56, M60 (Junction 7), M6, M56, M62
Rail: Sale Metrolink Station
Air: Manchester Airport

Situation

Tenure

Freehold.

Description

The property comprises a substantial double fronted corner retail unit comprising a banking hall and first, second and basement ancillary accommodation. The property benefits from car parking at the rear and from side access from Claremont Road.

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 First Second Basement	Banking Hall Ancillary Ancillary Ancillary	239.82 sq m 171.11 sq m 132.40 sq m 136.10 sq m	(2,581 sq ft) (1,842 sq ft) (1,425 sq ft) (1,465 sq ft)	LLOYDS BANK PLC (1)	10 years from 29/09/2013 on a full repairing and insuring lease	£60,000	28/09/2023
Totals		679.43 sq m	(7,313 sq ft)			£60,000

(1) For the year ending 31st December 2017, Lloyds Bank Plc (CRN 00002065) reported pre-tax profits of £5,035,000,000 and a total net worth of £47,675,000,000 (Source: Experian Group 12/12/2018).