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
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.
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
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.
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.
