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
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.
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
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.
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.
