Prominent position on the main retailing thoroughfare
Let to Co-Operative Bank plc until 2019
Nearby occupiers include The Post Office, Thomas Cook and HSBC
Lot 26
Auction 18th October 2011
Rent £25,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector Bank
Auction Venue Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
5 miles south-east of Cwmbran, 12 miles north-east of Cardiff, 14 miles from the second Severn Crossing
Roads
A48, A449, A4042, M4
Rail
Newport (London Paddington in approximately , 1 hour 45 minutes)
Air
Cardiff Airport, Bristol Airport
Situation
The property occupies a prominent trading position close to the main pedestrianised retail area of the city. The railway station is close by and other nearby occupiers include McDonald's, Marks & Spencer and Starbucks.
Tenure
Freehold.
Location
Miles
5 miles south-east of Cwmbran, 12 miles north-east of Cardiff, 14 miles from the second Severn Crossing
Roads
A48, A449, A4042, M4
Rail
Newport (London Paddington in approximately , 1 hour 45 minutes)
Air
Cardiff Airport, Bristol Airport
Situation
The property occupies a prominent trading position close to the main pedestrianised retail area of the city. The railway station is close by and other nearby occupiers include McDonald's, Marks & Spencer and Starbucks.
Tenure
Freehold.
Description
The property consists of a ground floor retail unit, trading as a bank, with a basement and first and second floors.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property consists of a ground floor retail unit, trading as a bank, with a basement and first and second floors.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground
Banking Hall
96.15 sq m
(1,035 sq ft)
CO-OPERATIVE BANK PLC (1) (t/a Britannia)
15 years from 25/03/2004 until 2019
£25,000
25/03/2009
Basement
Ancillary
40.87 sq m
(440 sq ft
First
Office/Storage
35.30 sq m
(380 sq ft)
Second
Office/Storage
33.91 sq m
(365 sq ft)
Totals
206.23 sq m
(2,220 sq ft)
£25,000
(1) For the year ending 31st December 2010, Co-Operative Bank plc reported pre-tax profits of £48,900,000 and a total net worth of £1,995,800,000.