Lloyds Bank 25 High Street Ringwood Hampshire BH24 1BD

Lloyds Bank
25 High Street
Ringwood
Hampshire
BH24 1BD

Freehold Bank Investment

Entirely let to Lloyds Bank Plc
Recently extended 5 year lease from 25/03/2023 (subject to option) (2)
Lease extended at the same rent
Includes car park at rear for up to 10 cars
Future potential residential development opportunity (subject to lease and consents)
Historic and prosperous market town
VAT free Investment
Nearby retailers include Waitrose, Sainsbury's, Prezzo, Domino's, Boots the Chemist, Superdrug and Clarks

Lot
5
Auction
30th March 2023
Rent
£45,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Live Streamed Auction
On Behalf of Trustees

Important Update Interested?

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Freehold Bank Investment

Entirely let to Lloyds Bank Plc
Recently extended 5 year lease from 25/03/2023 (subject to option) (2)
Lease extended at the same rent
Includes car park at rear for up to 10 cars
Future potential residential development opportunity (subject to lease and consents)
Historic and prosperous market town
VAT free Investment
Nearby retailers include Waitrose, Sainsbury's, Prezzo, Domino's, Boots the Chemist, Superdrug and Clarks

Lot 5
Auction 30th March 2023
Rent £45,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Bank
Auction Venue
Live Streamed Auction
On Behalf of Trustees

Property Information

Location

Miles: 11 miles north-east of Bournemouth, 18 miles west of Southampton
Roads: A31, A338, M27, M271
Air: Bournemouth Airport

Situation

Ringwood is a historic market town located 11 miles northeast of Bournemouth on the periphery of the New Forest National Park. The property is located in a central location on High Street, at its junction with Kings Arms Lane. Nearby retailers include Waitrose, Sainsbury's, Prezzo, Domino's, Boots the Chemist, Superdrug and Clarks.

Tenure

Freehold.

Location

Miles: 11 miles north-east of Bournemouth, 18 miles west of Southampton
Roads: A31, A338, M27, M271
Air: Bournemouth Airport

Situation

Tenure

Freehold.

Description

The property comprises a banking hall and ancillary accommodation arranged on the ground and first floors. The property also benefits from up to 10 car parking spaces to the rear.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D

Description

The property comprises a banking hall and ancillary accommodation arranged on the ground and first floors. The property also benefits from up to 10 car parking spaces to the rear.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.
Ground First (10 car parking spaces)	Banking Hall Offices/Ancillary	197.42 185.81	(2,125) (2,000)	LLOYDS BANK PLC (t/a Lloyds Bank) (1)	5 years from 23/03/2023 (2) on a full repairing and insuring lease	£45,000 (3)
Total		383.23	(4,125)

(1) For the year ending 31st December 2021, Lloyds Bank plc reported a turnover of £17,499,000,000, a pre-tax profit of £5,785,000,000 and a net worth of £36,064,000,000 (www.northrow.com).
(2) The lease is subject to a tenant only option to determine on 25/03/2026.
(3) The tenant will benefit from a three month rent free period from the commencement of the extended lease on 25/03/2023. The vendor will pay to the buyer the rent that would have been due from completion of the sale to 25/06/2023.

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.