5 Windsor Road Neath West Glamorgan SA11 1LP

5 Windsor Road
Neath
West Glamorgan
SA11 1LP

Freehold Bank Investment

Attractive and Substantial Town Centre Bank Building
Let To Lloyds Bank PLC on an FRI Lease
Popular Town Centre Location Situated Opposite Neath Railway Station
Potential for Alternative Use Including Leisure and Residential Conversion of Upper parts (subject to consents)
Nearby occupiers include HSBC, Nationwide, Argos, JD Wetherspoon

Lot
40
Auction
22nd September 2022
Rent
£30,000 per Annum Exclusive
Status
Sold
Price
£279,000
Auction Venue
Live Streamed Auction

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Freehold Bank Investment

Attractive and Substantial Town Centre Bank Building
Let To Lloyds Bank PLC on an FRI Lease
Popular Town Centre Location Situated Opposite Neath Railway Station
Potential for Alternative Use Including Leisure and Residential Conversion of Upper parts (subject to consents)
Nearby occupiers include HSBC, Nationwide, Argos, JD Wetherspoon

Lot 40
Auction 22nd September 2022
Rent £30,000 per Annum Exclusive
Status Sold
Price £279,000
Sector
Bank
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 7 miles north-east of Swansea, 36 miles north-west of Cardiff
Roads: A465, A4230, M4 (Junction43)
Rail: Neath Railway Station
Air: Cardiff Airport

Situation

The property is situated in Neath's town centre on the east side of Windsor Road opposite Neath Railway Station and car park. Nearby occupiers include HSBC, Nationwide, JobCentre, Natwest, Argos, JD Wetherspoon, Dominos and Pizza Hut.

Tenure

Freehold.

Location

Miles: 7 miles north-east of Swansea, 36 miles north-west of Cardiff
Roads: A465, A4230, M4 (Junction43)
Rail: Neath Railway Station
Air: Cardiff Airport

Situation

Tenure

Freehold.

Description

The property, an attractive purpose built bank building comprises a ground floor banking hall with lower ground storage rooms and first and second floor office and ancillary accommodation.

The property may be suitable for alternative uses including offices, leisure and residential conversion of the upper floors (subject to consents).

VAT

VAT is not applicable to this lot.

Completion Period

Six 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

Six 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.	Reversion
Ground Lower Ground First Second	Retail Ancillary Office Storage	337.80 72.80 46.20 51.00	(3,636) (783) (497) (548)	LLOYDS BANK PLC (1) (CRN00002065)	Let for a term of years until 29/08/2023 on a full repairing and insuring lease Letter received from tenant's agent regarding lease extension (2)	£30,000	29/08/2023
Total Approximate Floor Area		507.80	(5,464) (3)			£30,000

(1) For the year ending 31st December 2021, Lloyds Bank plc (CRN 00002065) reported a turnover of £17,499,000,000, a pre-tax profit of £5,785,000,000 and shareholder funds of £40,678,000,000. (North Row Company Report 18/08/22)
(2) The Seller has received a letter from the tenant's agent exploring the possibility to extend the lease by a term of 5 years. A copy of the letter will be available in the legal pack.
(3) The floor areas stated above are those published by the Valuation Office Agency (www.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.