Lloyds Bank 8 Thoroughfare Woodbridge Suffolk IP12 1AF

Lloyds Bank
8 Thoroughfare
Woodbridge
Suffolk
IP12 1AF

Freehold Bank Investment in Prosperous Suffolk Town

Let to Lloyds Bank Plc until 2026 (no breaks)
Includes private car park to the rear
Affluent and attractive market town
Nearby occupiers include Barclays Bank, HSBC, Costa Coffee, Caffé Nero, Joules, Fat Face and numerous high class local retailers and antique shops
VAT-free investment

Lot
14
Auction
31st March 2022
Rent
£59,000 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
Live Streamed Auction

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Freehold Bank Investment in Prosperous Suffolk Town

Let to Lloyds Bank Plc until 2026 (no breaks)
Includes private car park to the rear
Affluent and attractive market town
Nearby occupiers include Barclays Bank, HSBC, Costa Coffee, Caffé Nero, Joules, Fat Face and numerous high class local retailers and antique shops
VAT-free investment

Lot 14
Auction 31st March 2022
Rent £59,000 per Annum Exclusive
Status Sold Post
Price
Sector
Bank
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 8 miles east of Ipswich, 17 miles south-west of Aldeburgh
Roads: A12, A14
Train: Woodbridge Railway Station
Air: Norwich Airport

Situation

Voted by the Sunday Times in March 2021 as the best place to live in the East of England, Woodbridge is an attractive and affluent town located along the banks of the River Deben, in an area of outstanding natural beauty. The property is situated in the town centre, close to the junction of Thoroughfare with Doric Place. One of the town centre car parks is close by, with pedestrian access diagonally opposite. Nearby occupiers include Barclays Bank, HSBC, Costa Coffee, Caffé Nero, Joules, Fat Face and numerous high class local retailers and antique shops.

Tenure

Freehold.

Location

Miles: 8 miles east of Ipswich, 17 miles south-west of Aldeburgh
Roads: A12, A14
Train: Woodbridge Railway Station
Air: Norwich Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor banking hall with first floor ancillary offices and further ancillary accommodation arranged on the basement and second floor. The property also benefits from a dedicated private car par to the rear for 9 cars.

VAT

VAT is not applicable to this lot.

Completion Period

6 Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

Completion Period

6 Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx sq m)	Floor Areas (Approx sq ft)	Tenant	Term	Rent p.a.x.
Ground Basement First Second	Banking Hall/Ancillary Ancillary Office/Ancillary Ancillary	182.64 sq m 10.59 sq m 123.65 sq m 51.28 sq m	(1,966 sq ft) (114 sq ft) (1,331 sq ft) (552 sq ft)	LLOYDS BANK PLC (1)	15 years from 01/02/2011 (2) on a full repairing and insuring lease	£59,000
Total		368.16 sq m	(3,963 sq ft)			£59,000

(1) For the year ending 31st December 2020, Lloyds Bank plc reported a turnover of £18,590,000,000, a pre-tax profit of £1,329,000,000 and shareholder funds of £41,040,000,000 (Source: NorthRow 24/02/2022)
(2) The lease was originally granted for a term of 10 years from 01/02/11 and was recently extended for a further 5 years to expire on 31/01/2026

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.