Freehold Bank Investment in Affluent London Suburb
Entirely let to HSBC Bank plc until 2021
Prime retail position on the High Street
Approximately 20 metres from the entrance to The Heart Shopping Centre which houses New Look, Waterstones, Next, River Island etc
Option to renew for a further 15 years at the end of the term.
Other occupiers on the High Street include Clinton Cards, Boots the Chemist, W H Smith and Ladbrokes
Six Week Completion Period Available
Lot 20
Auction 8th December 2011
Rent £106,800 per Annum Exclusive
Status Withdrawn Post
Price
Sector Bank
Auction Venue Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
8 miles south-west of Kingston-upon-Thames, 14 miles north-east of Guildford, 20 miles south-east of Central London
Roads
A244, A317, M3 (Junction 1), M25 (Junction 11)
Rail
Walton-on-Thames Railway Station , (direct to London Waterloo in 25 minutes)
Air
Heathrow International Airport
Situation
The property is situated on the west side of High Street, the town's principal retail thoroughfare, and benefits from its proximity to The Heart Shopping Centre and from nearby occupiers including Clinton Cards, Boots the Chemist, W H Smith and Ladbrokes.
Tenure
Freehold.
Location
Miles
8 miles south-west of Kingston-upon-Thames, 14 miles north-east of Guildford, 20 miles south-east of Central London
Roads
A244, A317, M3 (Junction 1), M25 (Junction 11)
Rail
Walton-on-Thames Railway Station , (direct to London Waterloo in 25 minutes)
Air
Heathrow International Airport
Situation
The property is situated on the west side of High Street, the town's principal retail thoroughfare, and benefits from its proximity to The Heart Shopping Centre and from nearby occupiers including Clinton Cards, Boots the Chemist, W H Smith and Ladbrokes.
Tenure
Freehold.
Description
The property comprises a ground floor banking hall with staff and storage accommodation on part first, second and third floors. The property also benefits from a self-contained flat on part first floor which is accessed from the rear. There are 4 car parking spaces to the rear of the property.
VAT
VAT is not applicable to this lot.
Viewings
There will only be one viewing date. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Gwen Thomas at Acuitus.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor banking hall with staff and storage accommodation on part first, second and third floors. The property also benefits from a self-contained flat on part first floor which is accessed from the rear. There are 4 car parking spaces to the rear of the property.
VAT
VAT is not applicable to this lot.
Viewings
There will only be one viewing date. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Gwen Thomas at Acuitus.
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
Reviews
Ground Part First Second Third (attic)
Banking Hall Staff / Storage Staff/ Storage Storage
15 years from 17/10/2006 until 16/10/2021 on effectively a full repairing and insuring lease (2) (3)
£106,800
17/10/11 and 17/10/2016
Part First
Residential
Not Measured
(Not Measured)
HSBC BANK PLC
150 years from 17/10/2006 until 2156
Peppercorn
2014
Totals
496.90 sq m
(5,201 sq ft)
£106,800
(1) For the year ending 31st December 2010, HSBC Bank plc reported pre-tax profits of £4,011,000,000 and a total net worth of £21,214,000,000. (Source: www.riskdisk.com 10/11/2011) (2) The lease is subject to a schedule of condition. (3) The lease contains a tenant's option to renew at the end of the term for a further term of 15 years.
Contacts
Seller's Solicitors
Wallace LLP 1 Portland Place London W1B 1PN +44 (0)20 7636 3736
