Freehold Bank Investment
Freehold Bank Investment
The property is prominently situated on the east side of the pedestrianised High Street, close to its junction with Mill Lane and Chapel Street in the heart of Bromsgrove town centre. Nearby occupiers include Asda Superstore, Iceland, Boots, Costa and Barclays, Lloyds & NatWest banks.
Freehold.
The property is prominently situated on the east side of the pedestrianised High Street, close to its junction with Mill Lane and Chapel Street in the heart of Bromsgrove town centre. Nearby occupiers include Asda Superstore, Iceland, Boots, Costa and Barclays, Lloyds & NatWest banks.
Freehold.
The property comprises a bank arranged on the ground and first floors. The property benefits from car parking at the rear.
VAT is not applicable to this lot.
Six Week Completion
See legal pack.
The property comprises a bank arranged on the ground and first floors. The property benefits from car parking at the rear.
VAT is not applicable to this lot.
Six Week Completion
See legal pack.
| Floor | Use | Floor Areas (Approx) |
Tenant | Term | Rent p.a.x | Review | |
|---|---|---|---|---|---|---|---|
| Ground First |
Banking Hall/Ancillary Ancillary |
216.30 sq m 119.56 sq m |
(2,328 sq ft) (1,287 sq ft) |
BANK OF SCOTLAND PLC t/a Halifax (2) |
20 years from 21/11/2007 until 20/11/2027 (3) on a full repairing and insuring lease |
£75,000 | 21/11/2022 |
| Total |
335.86 sq m |
(3,615 sq ft) (1) |
£75,000 | ||||
(1) Floor areas provided by the Valuation Office Agency (www.gov.uk)
(2) For the year ending 31st Decmber 2020, Bank of Scotland Plc reported a turnover of £7,773,000,000, a pre-tax profit of £883,000,000 and shareholder funds of £13,380,000,000 (Source: NorthRow 24/08/2021).
(3) The property was originally let for a term of 15 years from 21/11/2007 until 20/11/2022. A reversionary lease was completed in May 2020 extending the term for a further 5 years from 21/11/2022 and ending on 20/11/2027, with an upward only rent review on 21/11/2022.
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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