Attractive Bank Investment on a New 5 year lease to be granted (1)
Attractive Bank Investment on a New 5 year lease to be granted (1)
Stratford-upon-Avon is a historic and affluent market town, popular with tourists due to its status as the birthplace of English playwright and poet William Shakespeare, as well as the home of the Royal Shakespeare Company at the Royal Shakespeare Theatre. The property is prominently situated in the heart of the town centre, on Wood Street close to its junction with High Street/Bridge Street.
Leasehold. Held for 100 years from 29/09/1973 expiring 29/09/2073 at a current rent of £14,500 p.a. Review in 2033.
Stratford-upon-Avon is a historic and affluent market town, popular with tourists due to its status as the birthplace of English playwright and poet William Shakespeare, as well as the home of the Royal Shakespeare Company at the Royal Shakespeare Theatre. The property is prominently situated in the heart of the town centre, on Wood Street close to its junction with High Street/Bridge Street.
Leasehold. Held for 100 years from 29/09/1973 expiring 29/09/2073 at a current rent of £14,500 p.a. Review in 2033.
The property comprises a ground floor bank with ancillary accommodation on the first floor.
VAT is not applicable to this lot.
The property may benefit from future redevelopment for a variety of uses, subject to all necessary consents/permissions and current tenancy. Interested Parties are referred to www.stratford.gov.uk
There will be no internal viewings of the property due to Covid-19.
Six Week Completion
See legal pack at www.acuitus.co.uk
The property comprises a ground floor bank with ancillary accommodation on the first floor.
VAT is not applicable to this lot.
The property may benefit from future redevelopment for a variety of uses, subject to all necessary consents/permissions and current tenancy. Interested Parties are referred to www.stratford.gov.uk
There will be no internal viewings of the property due to Covid-19.
Six Week Completion
See legal pack at www.acuitus.co.uk
| Floor | Use | Floor Areas (Approx) |
Tenant | Term | Gross Rent p.a.x. |
Reversion | |
|---|---|---|---|---|---|---|---|
| Ground First |
Banking Ancillary |
145.89 sq m |
(1,570 sq ft) |
SANTANDER UK PLC (2) |
5 years beginning on 25/12/2020 (1) |
£41,000 | (24/12/2025) |
| Total |
145.89 sq m |
(1,570 sq ft) |
£41,000 | ||||
(1) Santander UK PLC are currently subject to an Agreement for Lease for a lease of the whole property for 5 years commencing on 25/12/2020. Completion of the lease is conditional on obtaining the freeholders consent to sublet. The terms of the Agreement for Lease cannot be disclosed for confidentiality reasons. However, the form of lease that is to be entered into will be provided as part of the auction pack.
(2) For the year ending 31st December 2019, Santander UK PLC reported a turnover of £7,224,000,000, a pre-tax profit of £1,012,000,000 and shareholders funds of £15,857,000,000 (Source: NorthRow 19/01/2021).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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