London Bank Investment
London Bank Investment
Wembley is a popular North-West London suburb, renowned worldwide for being home to Wembley Stadium, England's national football stadium. The property is prominently situated on the southern side of High Road (A404), close to Wembley Central Station and Wembley Central Shopping Centre and approximately 0.5 miles east of the property. Nearby occupiers include McDonalds, Boots, Greggs, Superdrug, Wilko and an eclectic mix of local and national retailers.
Virtual Freehold. Held for a term of 999 years from 08/11/2021 at a fixed peppercorn rent.
Wembley is a popular North-West London suburb, renowned worldwide for being home to Wembley Stadium, England's national football stadium. The property is prominently situated on the southern side of High Road (A404), close to Wembley Central Station and Wembley Central Shopping Centre and approximately 0.5 miles east of the property. Nearby occupiers include McDonalds, Boots, Greggs, Superdrug, Wilko and an eclectic mix of local and national retailers.
Virtual Freehold. Held for a term of 999 years from 08/11/2021 at a fixed peppercorn rent.
The property comprises ground bank hall accommodation and lower ground floor ancillary accommodation. The property benefits from a significant retail frontage and forms part of a larger building.
VAT is applicable to this lot.
The Special Conditions of Sale provide for the Buyer to pay to the Seller a sum in addition to the purchase price. Please see the Special Conditions of Sale which is available in the Seller’s solicitors Legal Pack.
8 Week Completion
Band D.
The property comprises ground bank hall accommodation and lower ground floor ancillary accommodation. The property benefits from a significant retail frontage and forms part of a larger building.
VAT is applicable to this lot.
The Special Conditions of Sale provide for the Buyer to pay to the Seller a sum in addition to the purchase price. Please see the Special Conditions of Sale which is available in the Seller’s solicitors Legal Pack.
8 Week Completion
Band D.
| Floor | Use | Floor Areas (Approx) |
Tenant | Term | Rent p.a.x | Review/ (Reversion) |
|
|---|---|---|---|---|---|---|---|
| Ground Lower Ground |
Banking Hal / Ancillaryl Ancillary |
235.20 sq m 203.99 sq m |
(2,351 sq ft) (2,195 sq ft) |
BANK OF SCOTLAND PLC t/a Halifax (1) |
A term of years from 18/10/2019 until 2027 |
£102,000 | 20/09/2022 (19/10/2027) |
| Total |
439.19 sq m |
(4,546 sq ft) (2) |
£102,000 | ||||
(1) For the year ending 31/12/2020 Bank of Scotland PLC had a reported Turnover of £7,773,000,000, a Pre-Tax Profit of £883,000,000 and a Net Worth of £12,831,000,000. (NorthRow 11/11/2021)
(2) The floor areas stated above are those published by the Valuation Office Agency. (voa.gov.uk)
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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