10-year lease from November 2022 (subject to option)
Approximately 6,086 sq ft
Pedestrianised town centre location, close to Coopers Square Shopping Centre
Nearby retailers include Marks & Spencer, Boots the Chemist, Superdrug, Costa, River Island, Primark, WHSmith, McDonald's and a JD Wetherspoon
Lot 35
Auction 9th July 2024
Rent £42,750 per Annum Exclusive
Status Available
Guide* £300,000
Sector Bank
Auction Venue Live Streamed Auction
Property Information
Location
Miles
22 miles south-west of Nottingham, 25 miles north-east of Birmingham, 25 miles north-west of Leicester
Roads
A38, A511, A5121, A5189
Rail
Burton-on-Trent Railway Station
Air
Birmingham Airport/East Midlands Airport
Situation
The property is prominently situated on the north side of the pedestrianised Station Street, in the heart of the town centre, close to Coopers Square Shopping Centre. To the rear of the property is a public town centre car park. Nearby retailers include Marks & Spencer, Boots the Chemist, Superdrug, Costa, River Island, Primark, WHSmith, McDonald's and a JD Wetherspoon.
Tenure
Freehold.
Location
Miles
22 miles south-west of Nottingham, 25 miles north-east of Birmingham, 25 miles north-west of Leicester
Roads
A38, A511, A5121, A5189
Rail
Burton-on-Trent Railway Station
Air
Birmingham Airport/East Midlands Airport
Situation
The property is prominently situated on the north side of the pedestrianised Station Street, in the heart of the town centre, close to Coopers Square Shopping Centre. To the rear of the property is a public town centre car park. Nearby retailers include Marks & Spencer, Boots the Chemist, Superdrug, Costa, River Island, Primark, WHSmith, McDonald's and a JD Wetherspoon.
Tenure
Freehold.
Description
The property comprises a substantial bank arranged on the ground, basement, first and second floors.
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 comprises a substantial bank arranged on the ground, basement, first and second floors.
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 (1)
Floor Areas (Approx sq ft) (1)
Tenant
Term
Rent p.a.x.
Rent Review
Ground Basement First Second
Banking Hall Ancillary Ancillary Ancillary
352.57 123.99 88.00 -
(3,795) (1,344) (947) (-)
TSB BANK PLC (2)
10 years from 01/11/2022 (3) on a full repairing and insuring lease
£42,750
01/11/2027
Total
564.56
(6,086)
£42,750
(1) Areas provided by VOA (www.gov.uk/find-business-rates) (2) For the year ending 31/12/2023, TSB Bank Plc reported a turnover of £2,098,000,000, a pre-tax profit of £235,500,000 and a net worth of £1,868,500,000 (www.northrow.com) (3) The lease is subject to a tenant option to determine on 31/10/2027.
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.
