HSBC Bank 66 High Street New Malden Surrey KT3 4EZ

HSBC Bank
66 High Street
New Malden
Surrey
KT3 4EZ

Freehold Bank/Residential Investment

Majority let to HSBC Bank plc until 2022
Includes three bed maisonette with planning consent for conversion to 2 x two bedroom flats and five new build flats
Affluent South-West London suburb
Neighbouring occupiers includeHalifax Bank, W H Smith, Nationwide Building Society and Waitrose
6 Week Completion Available

Lot
41
Auction
27th May 2010
Rent
£88,000 per Annum
Status
Withdrawn Post
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

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Freehold Bank/Residential Investment

Majority let to HSBC Bank plc until 2022
Includes three bed maisonette with planning consent for conversion to 2 x two bedroom flats and five new build flats
Affluent South-West London suburb
Neighbouring occupiers includeHalifax Bank, W H Smith, Nationwide Building Society and Waitrose
6 Week Completion Available

Lot 41
Auction 27th May 2010
Rent £88,000 per Annum
Status Withdrawn Post
Price
Sector
Bank
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

Property Information

Location

Miles: ?4 miles south of Wimbledon; 10 miles south-west of Central London
Roads: M25
Rail: New Malden
Air: Heathrow, Gatwick

Situation

The property is situated at the busy junction of the High Street and Kings Avenue within the town's principal retail shopping thoroughfare. Nearby occupiers include Halifax Bank, W H Smith, Nationwide Building Society and Boots the Chemist.

Tenure

Freehold.

Location

Miles: ?4 miles south of Wimbledon; 10 miles south-west of Central London
Roads: M25
Rail: New Malden
Air: Heathrow, Gatwick

Situation

Tenure

Freehold.

Description

The property is a substantial corner building comprising a BANKING HALL and ANCILLARY ACCOMMODATION on the ground and part of the first floor.The remaining part of the first floor and the second floor comprises a THREE BEDROOM SELF-CONTAINED MAISONETTE benefiting from independent access. Planning Planning permission has been granted for the conversion of the three bedroom maisonette to 2 x two bedroom flats and for the provision of 3 x one bedroom and 2 x two bedroom new build flats.Contact: Royal Borough of Kingston-upon-Thames.Website: http://www.kingston.gov.ukEmail: dc@rbk.kingston.gov.uk VATVAT is applicable to this lot.6 Week Completion Available

EPC

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

Description

EPC

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

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground Ground First (Part)	Shop Depth Banking Hall Ancillary Ancillary	19.23 m 126.51 sq m 46.67 sq m 29.21 sq m	(63' 1") (1,362 sq ft) (502 sq ft) (314 sq ft)	HSBC BANK PLC (1)	15 years from 29/09/2007 until 2022	£70,000	2012 and 2017
First (Part) Second	Residential ? 1 Room and Kitchen Residential ? 3 Rooms	64.46 sq m 64.46 sq m	(693 sq ft) (693 sq ft)	INDIVIDUAL	Assured Shorthold Tenancy for 6 months from 03/12/2008 (2)	£18,000
Totals		331.31 sq m	(3,564 sq ft)			£88,000

(1)?For the year ending 31st December 2008, HSBC Bank plc reported a turnover of ?30,972,000,000, a pre-tax profit of ?4,366,000,000 and a net worth of ?8,143,000,000. (Source: www.riskdisk.com 19/04/2010) (2)?As to the Assured Shorthold Tenancy, the tenant is currently holding over.