Freehold Bank Investment
Freehold Bank Investment
Lymm is an affluent Manchester commuter town which has good communication links via the M6, M56 and M62. The property is located at the heart of Lymm's Conservation Area, prominently situated on the north side of the junction of Eagle Brow and Bridgewater Street. Nearby occupiers include Halifax Estate Agents, Spread Eagle Public House and the Post Office.
Freehold.
Lymm is an affluent Manchester commuter town which has good communication links via the M6, M56 and M62. The property is located at the heart of Lymm's Conservation Area, prominently situated on the north side of the junction of Eagle Brow and Bridgewater Street. Nearby occupiers include Halifax Estate Agents, Spread Eagle Public House and the Post Office.
Freehold.
The property comprises a banking hall on the ground floor with office and ancillary accommodation on the first floor and basement.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a banking hall on the ground floor with office and ancillary accommodation on the first floor and basement.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| Ground Basement First |
Bank Office/Ancillary Ancillary |
150.8 sq m 87.1 sq m 30.0 sq m |
(1,626 sq ft) (938 sq ft) (323 sq ft) |
BARCLAYS BANK PLC (1) |
20 years from 18/01/2008 until 2028 (2) |
£31,000 (3) | 25/12/2011 and 5 yearly) |
| Totals | 267.9 sq m |
(2,887 sq ft) |
£31,000 | ||||
(1) For the year ending 31st December 2010, Barclays Bank plc reported pre-tax profits of £6,079,000,000 and a net worth of £53,944,000,000. (Source: www.riskdisk.com 12/09/2011)
(2) The lease provides for a tenant option to determine the lease on the 15th anniversary of the term and is subject to a schedule of condition.
(3) As to the December 2011 rent review, the seller has served a rent review notice on the tenant proposing a new rent of £35,000 per annum exclusive.
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