HSBC 2-6 Gallowtree Gate and 1 and 3 Humberstone Gate Leicester Leicestershire LE1 1DA

HSBC
2-6 Gallowtree Gate and 1 and 3 Humberstone Gate
Leicester
Leicestershire
LE1 1DA

Freehold Bank Investment

Extensive Bank let to HSBC UK Bank PLC
Approximately 1,097.30 sq. m. (11,807 sq. ft.)
Rent Substantially Rebased in 2021
July 2024 break option not exercised
Prime city centre location
Adjacent to The Clock Tower and opposite Highcross and Haymarket Shopping Centres
Nearby occupiers include Marks & Spencer, Pret a Manger, Waterstones, Nationwide, Barclays and Sports Direct

Lot
8
Auction
27th March 2024
Rent
£200,000 per Annum Exclusive
Status
Sold
Price
£2,070,000
Auction Venue
Live Streamed Auction

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Freehold Bank Investment

Extensive Bank let to HSBC UK Bank PLC
Approximately 1,097.30 sq. m. (11,807 sq. ft.)
Rent Substantially Rebased in 2021
July 2024 break option not exercised
Prime city centre location
Adjacent to The Clock Tower and opposite Highcross and Haymarket Shopping Centres
Nearby occupiers include Marks & Spencer, Pret a Manger, Waterstones, Nationwide, Barclays and Sports Direct

Lot 8
Auction 27th March 2024
Rent £200,000 per Annum Exclusive
Status Sold
Price £2,070,000
Sector
Bank
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 21 miles south of Nottingham, 31 miles north-east of Birmingham
Roads: A6, A47, A563, M1 (Junction 21)
Rail: Leicester Railway Station
Air: East Midlands Airport

Situation

The property is located in the heart of Leicester City Centre, occupying a prominent pedestrianised corner position at the junction of Gallowtree Gate and Humberstone Gate, overlooking The Clock Tower. The Highcross Shopping Centre and Haymarket Shopping Centre are located directly opposite the property with other neighbouring occupiers including Marks & Spencer, Pret a Manger, Waterstones, Nationwide, Barclays and Sports Direct with a number of other national retailers and restaurants being represented nearby.

Tenure

Freehold.

Location

Miles: 21 miles south of Nottingham, 31 miles north-east of Birmingham
Roads: A6, A47, A563, M1 (Junction 21)
Rail: Leicester Railway Station
Air: East Midlands Airport

Situation

Tenure

Freehold.

Description

The property comprises a substantial Bank building currently arranged to provide a ground floor banking hall with basement, first, second and third floor ancillary and office accommodation.

This branch has recently undergone a substantial refurbishment by the tenant.

VAT

VAT is applicable to this lot.

Completion Period

Five week completion

EPC

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

Description

VAT

VAT is applicable to this lot.

Completion Period

Five 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 Third	Banking Hall Ancillary Office Office Office	278.30 24.30 259.50 259.50 275.50	(2,995) (261) (2,793) (2,793) (2,965)	HSBC UK BANK PLC (1)	5 years from 07/07/2021 (3)	£200,000 (4)
Total		1,097.30	(11,807) (2)			£200,000

(1) For the year ending 31/12/2022 HSBC UK Bank PLC reported a Turnover £9,589,000,000 Pre-Tax Profit of £3,638,000,000 and a Net Worth of £17,908,000,000 (NorthRow 29/02/2024).
(2) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
(3) The tenant has not exercised their July 2024 break option.
(4) Prior to the lease renewal with HSBC in July 2021, the passing rent was £480,000 pa.

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.